Of course, what they paid isn’t going to take into account the money they have spent on renovations or remodeling, which can be substantial.  

Then, after I sell the property in Aug 2024, after 5 months of vacancy with Suncoast - I get a call, saying I owe them a month's rent, because I didn't use them to sell my property.WHAT ********!!! 

What do you owe?

Role-playing.     . you paid $300k 10 years ago, it’s worth $660k, (so when you sell you net $600k to make math easy.)and your cpa determined that you owned zero land, so it’s all depreciatable. you owe 15% on the $300k gain plus 25% tax on $109k depreciation recapture, so you owe $70k in federal taxes, then California reaches out for another $30k?  

They owe over $6,000. 

If you foreclose and take it back then you can resell it later but if you are owed $25,000 and it sells at foreclosure sale for $40,000 you don't get paid $40k.

Looking to connect with an investor or a company to fund a note owner finance. I am a real estate agent and I have a client who proposes these terms. Purchase price: $108,000Down Payment: $25,000Interest rate 11%Ballo...

However, that inheritance tax is still owed and is a lien on the property even though IT IS NOT RECORDED ANYWHERE!!!

Payments $492 (interest, tax, insurance) currently owe $51K.

If you're lucky, you'll get some money from him and can consider it a bonus.I recommend you tighten up your process.