There are some special conditions to verify.John Corey

It's easy to figure out, once you understand that TX is OWNED AND OPERATED primarily for the benefit of SPECIAL INTERESTS.

I'm in business and that means being prepared to deal with the real world.Mike

Bottom lie I think your going to eat this one. hang in there. prepare for the worse and hope for the best.I just met a guy that gave $18k cash to another guy that promised him 12% return. well long story short this highly educated senior electrical engineer is out $18k. with no contract, or collateral he is out of luck.

A recent example of that is: http://www.azcentral.com/business/articles/0615gr-fraud0615-ON.htmlThough ccr's should limit the dues increase each year, the board can override that with special assessments, and though any greater or special assessment should probably be voted on by the entire membership, boards don't always see it that way, and the voting process is too easy to steal.

I ran into issues with SUNROCKET when I tried to port my number a couple years ago so I just changed it.This is cool - they have a special phone number for "Sunrocket Care" where you get connected to advanced tech support way faster than if you call the general number (it's 888.354.8028).

If need be your friend needs to be prepared to go before a judge to protect the common assets.7.

This doesn't even include the things to come when it's time to actually list, sell and close on the property - someone's got to review the HUDs, answer the phone calls and count the money.Lenders are also taking a closer look at "Repaired Marketing Strategies", especially in new home communities.They're simply not prepared to break their routine, or re-route personell for a single property; It wouldn't be worth the increased liability, or man-hours.I'd add one other thing; On most properties, with most banks and asset management firms, a listing agent is assigned within 1 to 7 days after foreclosure.

The whole purpose of a lease-option is to allow a buyer to build equity as they don't have a lump sum for a down payment, they won't have it at settlement either in most cases.And as John mentioned above, the Trust will need to sell the property.I believe SC has established a special Land Trust statute and while the "Land Trust" may be a marketing issues, a trust may be established in any state to hold real estate.

There are serveral companies that are specialized in holding titles to properties in a land trust even a few banks offer this service.The risk is no greater that renting a property to a tenant who may or may not pay rent.