At closing B issues a Warranty Deed to A giving him legal title to the property.

I would think we are talking about a condo or town home given there is 1 structure legally divided into two.

You will get an education for your money.In the mean time...You have to make sure legally the other person is no longer the tenant.

Kelly,Put in any clause you want that is legal in your state.If the party signing for the legal responsibility is not able to fund the penalty guess who will be next in line?

How can I legally evict her?

Still searching for an answer.It is the same way here in Alabama.GA and AL are mostly Power-of-Sale states.They do not FILE Notices-of-Default.It is done by publication.In my town they put it in the legal section of the regular newspaper.But (Fulton County) Atlanta has a legal publication called the Daily Report you can subscribe to (I am guessing it is because it would be too big for the paper).

In the long run, it always costs less to do things legally.

To me that implies a legal piece of the deal.

Two things.When creating a partnership no matter how you legally wrap it up consider what happens if someone dies, gets divorced, is sued for something unrelated, is injured if that person is hands on, etc.

Never mind that we'll need to legally modify several million loans, involving drawing up new documents, collecting signatures, updating systems, etc.Oh and we'll just ignore those stodgy old servicing contracts that our investors try to hold over our heads - I'm sure they'll understand, after all Sheila said it was OK!