It is virtually impossible to transfer (drop) property out of a corporation without adverse tax consequences.

Let's say credit limit on the card is $5k and current balance $4.5K this is affecting your score; let's say you have another credit card with $3K credit but balance of $100; score wizard could come back with something like this: transfer $1k from card one to card two and reduce balance on first card to $1800 possible point gain +30 using rapid re-score.

I suggest you include a non-disclosure agreement in the sale and a period whereby the seller assists you in the transfer of management.

So now I have to go to Joliet , Aurora , and then I took the wife and kid down to Louisville, Ky for a weekend trip to have the other two siblings sign the paperwork, I didn't want to chance anything being messed up.I got everything all signed on Saturday and set the closing for today at 3pm, I had all my paperwork in orde,r paid the transfer tax and final water bill yesterday.

@Ajay Kahlon I currently don't invest in Toronto(GTA) I did a few assignments on pre construction condos in Liberty Village back in the days.Couple of reasons why I don't invest locally in "Toronto"#1 Prices are too high#2 Toronto land transfer tax will eat your profit on a flip#3 Cap rates are too low hence return on investment or cash on cash will stay single digits on a hold factoring in vacancy rates and property management#4 not too many private deals#5 multiple offers on desirable areas (its like that everywhere)#6 little to no seller financing#7 minimal creative financing#8 Little to no cash flow relying on equity and appreciation to be positiveI was looking in Charlotte, Atlanta and many places in Texas but the prices sky rocket.Chicago and Columbus still have deals. 

Is the responsibility for the property transferred back to the owner and the county or are you as the lien holder still responsible for it?

To comply with their demands, I must move the existing funds in this plan from the old insititution.The 'old institution' requires a Medallion Signature guarantee on the 'Plan Administrator' signature on the 'asset transfer form(s)'.I am the Plan Administrator for the plan.I'm having trouble getting my 'medallion' - I do most of my banking at a credit union, my balances are too high for their medallion.

So if you're willing to buy and hold and pay out a bit in the short run, you might be able to sit on that appreciating asset and make a few bucks (But don't forget transfer costs and taxes :)

It might be different if you hold that master lease.You can not agree to sell something that you don't have title to, you may only transfer what rights you hold.

On the Fannie's I've bought the deed restriction has always been no transfer within 30 days and no transfer for more than 120% of the purchase price in 90 days.