Equity is the net remaining interests after all superior liabilities.

I set pretty realistic goals for myself decades ago and am pretty satisfied with where I currently find myself.I live in the most fantastic retirement "disneyworld" in existence, The Village, Florida.

You will find a couple of pockets in town where property values are on a heavy incline while taxes remain low.

The first deal is always the hardest, but it's also the most satisfying.

Revocation, death etc.The listings remain with the brokerage so if your friend remained with said brokerage she shouldn't have them moved to another agent.

Buyers are saying that they do not qualify through their lender for the remaining amount to be mortgaged.

I am taking into account the liens I would have to satisfy along with a modest profit.

The lesson here is to never close with work remaining un-done by the seller.

(This is what I use in California) The concept is to keep the fact that the property has been transferred private.The sales transaction remains unrecorded i.e. the deed is not recorded or the contract of sale or the financing agreement.The transaction is maintained in the records of a settlement /escrow management companyEnough documentation is recorded to protect the seller and buyer in the chain of title without making the fact that the property was transferred public recordExisting loans, taxes, insurance are paid by the buyer into a collection account, which in turn pays all the accounts required to service the propertyRecording a deed or contract is not required in most states to make a valid transferNot disclosing the new sale to the underlying lender is not illegal in most statesKeeping the transfer from the lender is not a crime or against the law.

I did some quick research and found that the house is owned free and clear, They have a lien on the house that has not been satisfied and has acculumated $150.00 a day since October 2012 (about $98,000) There is no HOA it is the city territory.My questions is would you all ever consider taking control of these types of properies with a lease/sub lease or entering it in to a land trust and rent it out?