Just like with any law, the more complicated it is, the more loop holes people can find.

I have send the tenants the notification as required by law for me to visit the condo.

SONYMA gave me a 5000 grant to cover most of the closing costs, inspection, they even filled the escrow account for me.If I sell within 5 years, I pay back the 5000, otherwise it is a gift.Yes, I am strongly considering having my father in law manage the property for 10 percent of the rents.

For charitable donations deeds of covenant have been superseded by Gift Aid.Warranty, in U.S. law of contracts, an undertaking expressed or implied, given by one contracting party to another, that a fact alleged with respect...DeedDeed, in law, written instrument that transfers an interest in real estate.

good luck*edit* also, you may want to offer them 80 on the first round, so that there is room to negotiate up to 87,900 as Jon outlined for you... everyone always want to feel like negotiating is some big compromise and that both sides gave something. others may disagree with this, but it's just my personal opinion.as a digression, while working at a law firm I once saw a case where the opposing client had nothing and I mean NOTHING going for him but was trying to settle. so the lawyers came up with a figure and he suggested a lower amount, to which they of course said no. it turned into a huge argument and all he kept saying was that "in the spirit of negotiation" they should come down a little so that both parties would have conceded something.

Appointed great judges who enforced the laws and didn't re-interpret them.3.Didn't allow the sabre-rattlers to rattle us.

I am praying for breakdown of law and order.

I think that what you are referring to is a law to help homeowners with their estate planning.

Then, of course let the rental income cover PITI.Does anyone know if any of the above is outside of the law, or have any other thoughts?

to get maximum exposure to the market.Also, the pricing of the short sale will be fixed by the bank in a Broker's Price Opinion (BPO) according to the comparables, so no matter what price your homeowner agrees to, it has no standing when the bank names their price for the house.I only way I can see you making money on this is if you either refer it for a fee to a short sale specialist in your area (please check to see what the referral laws are in your state) OR buy the house yourself if the BPO comes in at a good price.