The "puddle" may be gone, but the circumstances that cleaned it up did not fix any of the issues that caused and perpetuate it.It isn't our economy in general that caused this problem, it was unethical lending practices corroborated by the Feds, banks, and Wall Street, plus ignorant and/or lying home buyers.

It's doesn't seem practical considering what we do and when a lot of sellers might be home.

While I'm not familiar with IL probate practices or documents, I can give you a general perspective.For starters, you are looking at post-probate documents, which is to say that these are evidence that a probate occured in the past (probably recent past).

You proving they knew about it is going to be next to impossible.You could try to go after the seller but it being a short sale it's doubtful even if you won in court and had a judgment collecting is tough and likely you won't get a dime.Is the property otherwise okay except for this one issue??

And yes David, it is a lot like a car lot.The question was about social stigma, not profits, MH parks can make money, so can collecting cans!

Agents know about the unauthorized practice of law, that's drilled into them, they are less aware of the unauthorized practice of mortgage origination and associated liabilities if they are permitted to originate a mortgageA good RE Broker will keep an agent from getting hung, not only for his/her protection but also to protect the agent and agency.Everyone usually thinks I'm being negative, raining on a parade, saying don't do this and don't do that, maybe so, it's because most really think these aspects have real liability and they haven't done enough deals to have problems end up with an attorney or a judge.Actually, I'm surprised that there is so much fear by landlords of getting sued and never a thought of getting sued by a buyer for predatory lending or due diligence.

Now I make it standard practice to have my handyman test every plumbing connection in every property.

For me, the market doesnt matter so much and there IS no standard practice...

I'm considering using an online rent payment system for collection of rents.

We have a practically paid off rental property (we owe 39K on a 5.25% 15 yr fix) in a great neighborhood that has had the same renter in it for 7 1/2 yrs.