In my opinion, with the way the government thinks it can spend its way out of debt, there are very few solutions, if any, other than inflation.

He said he would be willing to sell it for $200k which is also the value of the remaining lien on the property.

If it's not agreeable - and she must sign the primary lease - I'd just like to have written agreement that she could vacate the property at any time and Sam & I would remain on the lease and complete our term."

Whatever agreements are in place at closing remain in place until they are fulfilled.

Fleas remain.

(This is what I use in California) The concept is to keep the fact that the property has been transferred private.The sales transaction remains unrecorded i.e. the deed is not recorded or the contract of sale or the financing agreement.The transaction is maintained in the records of a settlement /escrow management companyEnough documentation is recorded to protect the seller and buyer in the chain of title without making the fact that the property was transferred public record Existing loans, taxes, insurance are paid by the buyer into a collection account, which in turn pays all the accounts required to service the propertyRecording a deed or contract is not required in most states to make a valid transferNot disclosing the new sale to the underlying lender is not illegal in most statesKeeping the transfer from the lender is not a crime or against the law.

I have had the opportunity to watch my wife deal with these situation for the better part of 16-yrs and remain amazed how she does it.

I agree that the article sounded a bit inflated for what it was.

I do remain a bit skeptical regarding certain claims, but it does seem plausible that your company could be involved in some big projects in Philadelphia.From what I can tell, your overall business model is to develop large-scale developments in Philly using loans secured by private investors.  

Revocable trusts mean that the owner remains in control of all the assets until death and the trust can be changed if the owner likes.