My advice would be to speak with an attorney and discuss if you can form a partnership with your relative and create a legal situation to achieve your goals.If that is not the case, or if there is not enough time, then Jon's suggestion of a "Deed in Lieu" might be your best option.You made the mistake of jumping into a deal without securing your back end financing.

& to tell you the truth I was wondering what kind of a response I would get from that post.Hence I spent some time considering what I said over the holiday.In my personal opinion in this day & age with so much of our economy based on emerging technologies & securities.

I have steel security doors, but no window bars.Ofgift

You can then approach an owner after they have been fined in court or granted a continuance for whatever reason.

If I do that, then it becomes a security, and that is a big no no.

In Atlanta, some property owners pay homeless people to live in abandoned homes as a security measure.In early November, Rameau drove a woman and her 18-month old daughter to a ranch home on a quiet street lined with swaying tropical foliage.

I had the pleasure of being stationed at Shaw AFB in Sumpter, SC while in the USAF and dated a lovely gal from Charlotte (granted, it was a decent drive, but it allowed me to see the countryside).

However, would be possible if I were to open a secured credit card by applying at a Wells Fargo with an initial deposit of say $5000 and after receiving the card in the mail, withdraw my initial $5000 deposit?

There should be a security deposit, just like any other lease.

I would secure landlord references and employment verifications if you can, in addition to credit.