The loss of a mortgage can be cured by getting a Certified Copy from the recording office.

I interpreted it as insurance is your best bet against financial loss and the entity is your best bet to make the path to a lawsuit "difficult".

In a typical subject-to deal, there would be a contract or agreement, and the seller's only remedy would be to sue for performance or for loss from his buyer's failure to perform.

The lender has an actual monetary loss.

Samansky, Hobby Loss or Deductible Loss: An Intractable Problem (1981), Fla L.

Professional bidders dominate auction purchases because they can absorb losses if the unthinkable happens.

You need to stay there for at least one year, however, you can move earlier if there are changing circumstances beyond your control, taking a job 50 or more miles away or loss of job, death of a family member or having another child.

http://www.insurent.com/slpb_ll.shtmlquote from their website:" For landlords, the Insurent® Program is a unique no-cost method to increase occupancies, eliminate rent loss, and streamline the rental process for all parties where the prospective renter does not meet your minimum financial requirements, and needs to put up additional security, prepaid rent, or have a qualified co-signer at 75x-100x the monthly rent.The landlord accepts the Insurent® Program; the renter pays for the Insurent® Lease Guaranty.

Amie, first, I'm sorry to hear of your loss and hope you're doing well.Since this is through an estate, it's a little different, all three of you take title and brother and sister sell thier 1/3 undivided interest with a warranty deed.

You must consider if the loss in value is less than or greater than the improvement credits.