Obviously they have no claim on the house so can’t make any commitments with out having ownership of the home.

In that case, there may be opportunities under new ownership to manage the property more effectively and inexpensively.

@Rubin Thomas, in my market, the utility company won't turn on utilities unless you can show ownership, so you may have some problems getting them on without seller doing so.  

He wants to cash out his ownership, pay his taxes, and walk away. 

The seller paid all the transfer taxes and doc stamps. 

I’d like to transfer my IRAs to a managing firm that allows self-directed investments in real estate, and fund my company’s new builds.

Parents did not have income/money to cover property. to avoid foreclosure, my in-laws asked my wife for financial help. the house was refinanced in 2011 by my wife who had the deed transferred to her name at that time. we have been managing this rental remotely since that time.

generally there should be some sort of charges and fees with a transfer of title like that but i have seen folks get around it before so it may be possible just not ethical.

What I’ve done is purchase it through and LLC than transfer the title to your personal name before the refi.

If all units are under one ownership it’s usually referred to as apartments, not condos. condos are usually individually owned. that said, what questions do you have?