We took our little book and met with the bankers.The bankers gave us a sense of what they might be willing to do with us, should a suitable opportunity arise.  

Everyone is quick to point to the "litigious nature" of society today and how its ruining America, but when a simple issue like this arises the first suggestion is "get a lawyer!!"

Who made it, what amount, when was it made, where are the holders and borrowers (roughly, like local) and why did they make it, basically a loan of equity out of a sale or a loan funded in cash, perhaps arising out of a contractor's lien....like that third.

We want to give her a 30 day notice by certified mail when the opportunity arises (after closing).

, but open to other opportunities as they arise.

Liabilities may arise from within or from outside that entity.You may have loan servicing issues with your LLC doing collections on a note held, those liabilities may effect both members.You could have tax consequences from a discounted note being paid off or a note in default and accepting a deed-in-lieu-of-foreclosure. the nature of the note, how it was funded, by cash or equity, can effect tax matters and potential liabilities.

The opportunities that arise after a natural disaster of this magnitude often require more specialized knowledge of the area, and local politics.

After the meeting, one of them came up to me to talk and already let me know that there are a ton of "accidental landlords" in the area that would love to sell, if someone came along, and he'd help connect me, and walk me through any zoning or permit issues that might arise.

The chart of accounts keeps your books in good form and allows you to account for money registered in each account.State law may apply to certain accounts, such as earnest money, security deposits, or other funds that you may receive that is not earned money but funds held in trust arising from some contract agreement.

As of now the unit is vacant and she even left the place cleaned, I'll take it as a victory and deal with any future issues if they do arise.