However, when you get to the auction, normally anyone with a lien will also be bidding on the home to COVER their position. 

If the sellers get a tax lien, die, divorce, etc, your contract for deed is in trouble.If you purchase the property normally where title is transferred into your name and the seller holds a Note and Deed of Trust against the property for the purchase price, all of these nasty situations are avoided. 

Renovated for today's lifestyle and paid it off.

@Bryan Normal You’re realizing the catch 22 here….in order for your license to “make you legal” you have to use it as it was intended….actually working As An Agent, with everything going through your broker.

Stats: Current Loan balance: $204,432.64      Current Equity ~ $169,650 Normally I would just cash-out refi to get the job done, BUT here's what I'm afraid of.

Normally, I would just issue a pay or quit notice and then move for summary ejectment when the 7 days was up.

I’ll hang out here another week or until she says she’s feeling back to normal.

Normally just floating the difference would be good to reduce trip hazard but not sure you can do that on the city walk. 

Also one quick note: This is a townhome/hoa, which I am normally not a fan of.

So if you have the cash you buy it, then you can refinance in 6 month or do delayed financing (less than 6 month) meaning you just get a loan on the property (normally 70-75% of appraised price) and take back the cash to buy more.