If they're in the same condition as when you bought, they may take the $83K as the actual value, which arguably it is.

I have never written about any specific deal, but I figured it may be able to help someone understand the process a bit more.I figured I would share here.I received a call from an estate lawyer last week.

Are there any experienced/reputable professionals (lawyers/realtors/brokers, etc) on this forum that live in Nicaragua?

First hopefully if i ever can get a deal after repeat business i would ask the agent to shave a 1/2 to a point on repeat business on the seller's comm. and i would only think if the margins where good would you consider paying closing cost or splitting them with the buyer but only on those condition unless you we're pressed to unload the property.

However, my dad and three uncles are really good trial lawyers so if they want to come after me, fine, I live in Anchorage, AK and am very easy to find there when I am not traveling.

My Lawyer told me to stop dealing with owners in foreclosure and I have too much to loose to argue.

Obviously you'll need a lawyer to look over the paperwork.The fun part is that if you are forgiven any debt, this may be reported to the IRS which will consider it income and tax you on it.

Once you reach condition, the work-out is much easier when all you are doing is maintaining your level of fitness.

I'm interested in getting professional advice before I start investing and maybe even incorporating, but I have no clue on how to find a competent RE Lawyer.

Eventually, you'll run into someone who will have a lawyer who points out this is not a sale/leaseback but an "equitable mortgage" at 50% interest.