Basically, the day after we buy it with cash, we are putting a mortgage on it for 60k.

Kevin should have his attorney ask the court to force the attorney to show a bank account that still contains the earnest money, then have it placed in the registry of the court (Court Bank account) for safe keeping until the case is settled/complete.

If the “fair market price” is because it’s a good property, relatively updated, desirable area, etc. then you’re basically buying a yield play.

I would also like to include that we signed up for 1 year lease agreement and it ended in October 2017, we stayed in the house until February but didn't signed a new contract so basically it was a month to month lease situation.

The courts would see right through that attempt.I'm also not sure if marriage implies joint ownership or not (marriage laws are crazy and vary, so just something to ask your attorney about).I second the usefulness of an umbrella policy as well as, of course, being aware of your local rental laws, requirements, and regulations.

Another thing to consider is what the max amount in small claimes court is for the area.

Every tenant owing money to landlords should be taken to court.

If the new loan and the old 2nd meet certain criteria (basically the new loan being a rate and term refi of the 1st, the 2nd being fairly small, closing costs being low) then the 2nd could be automatically subordinated to the new 1st, regardless of the sequence they were recorded.

So I would basically be adding a line to the current contract, with the specific details?

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.