Bankruptcy Court of the Southern District of New York recently sanctioned a mortgage servicer for violating a bankruptcy discharge injunction when it required a debtor to sign a subordinate mortgage and note—pursuant to FHA’s partial claim process—as a condition of a loan modification agreement, after the debtor’s personal obligation on the underlying loan had been discharged in bankruptcy.

@Daniel Tisdale get a current copy of the HOA agreement and read the exact wording before you do anything. 

Should Tenant fail to notify Landlord of their intentions in writing no later than 30 days prior to termination, this Agreement will automatically convert to a month-to-month tenancy with the associated rent increase.

Again, subordinate to the bank.3) mostly same as above, but plan to sell one of the properties quickly to make her whole and give yourself more equity4)JV this with someone (written agreement) 5) buy one.

What are the most important parts of a Purchase and Sale agreement that an attorney has to review?

If a tenant's lease or month to month rental agreement has been terminated and they refuse to leave, they are then a hold over tenant and in most jurisdictions can be evicted.

3: Find a promulgated or pre-drafted purchase and sale agreement that corresponds with your state.

@William MoralesIf the property is listed, the commissions for the agents will be dictated in the listing agreement, you won’t be able to just pay a month of rent.

If there is an agent involved on the listing side, the commissions will be outlined in the listing agreement.

Does anyone have anything they typically add to an investment property purchase agreement when representing buyers?