In fact very few investors are even aware of what I just described to you.

The one eviction was a case of NPD who right up until his eviction just didn't understand why we didn't want to renew him-- the self described "best tenant we ever had"I guess that probably meets @James Wise definition of savage but most tenants are great, it's just that the savage ones are where the stories come from.

Can you people who had actually bought properties, describe for me how it process looks like? 

The situation you describe is one we've seen many times before.

Sometimes I wonder if they set things up like this so they can get recurring fees as issues arise instead of solving them up front like they should.Everything you describe is exactly the way many find themselves when this was not set up correctly at the time of the final decree.   

You can get some templates online.This is going to describe who is putting how much money into the project and then how much profit every person is going to get at the end of the day.

Contact a removal or oil company that does this and describe the situation. 

@Sami Gren No I would not and I think the broker should be offended If I offered money after all he/she is representing the seller in this case you described.

Because the buyer doesn't own it until it's paid off, the seller can deliberately do what you describe and encumber it.

Alfred, The downside to ACV in the situation you described would be on a partial loss.