I hesitate to mention how loans can be designed sometimes as I know we have a bunch of "thinkers" here that may jump on something thinking they will know how to DIY something, so I really suggest the use of a mortgage originator to ensure affordability and an attorney as to compliance!

There is not much info from the IRS on these new entities and I am getting slightly different information from my accountant and attorney.

Obviously I'm neither a CPA or attorney, so I may not have clearly articulated what was said but you get the point there are advantages for you that W-2 employees don't have.

So my ques is should I get a temporary power of attorney, Also realtor suggest that since I have done everything right on my end, its on them and I can close in 6 to 7 mths when I return is this poasable I would be Ok with it, on the other hand I slightly wooried about property basically being abbondoned for the next 7 mths suggestions please

there are some disadvantages to this sometimes on your basis in the property for taxes.As to how you can legally sign leases etc now, get a limited power of attorney to handle all legal matters concerning that property.

Most states allow double or treble damages if a landlord improperly withholds security deposits.This would be a good time to have a conversation with your attorney and ask their advice.

IF these were the case, just sad the original owner left I up to either BK, heirs, estates or probate attorneys/processes to deal with.Only point here, other parties are involved - and the described deal by the poster would not play out as described.

Find out the original delinquent balance and the attorney fees etc they have tacked on to that new $4700 balance.

Depending on where their at in the banko and the other things mentioned you may if you intend to purchase have an attorney motion the court to put in your purchase offer.

We're in attorney review right now.