It would never pass the supreme court, IMHO.Besides, the Feds can't pay $600 a week unemployment AND your rent.  

If he died without a will, it'll go through the courts. 

You don't want to get caught up in court because you don't want to rent to "guys."

They are meaningless in this case - unless you want to help out the landlord and use them to show the court how much money you put into the place and then destroyed.Your MIL is not going to come off looking like a victim here, she's going to come off looking like a vindictive ***** that stole from and trashed the place of her dead landlord so there wouldn't be any competition.

when you sell and carry, you sell the property and you have an option to either declare the gain that year or do an installment sale option (which isn't really worth it because your sale is tax free due to homestead). 

You may take them to court for misrepresentation but it’s going to cost you lost rent, lost sleep and maybe your safety.Anyway, that’s an extreme example of an intentionally designed below-market rent lease agreement but it illustrates my point.

Some of the more commonly seen situations are: borrower has sold the house; borrower has declared bankruptcy and has actually filed paperwork to receive the automatic stay of all legal actions; forbearance or loan modification is being put into place; borrower has provided the judge with some reasonable defense motion that requires the lender to re-start the process.

They are easily and routinely pierced by the courts.

From Owner to REI- Lease purchase agreement (one agreement)- Memorandum of lease purchase (recorded at the court house against the property to protect the REI - "clouding the title)This arrangement is not a lease option, something to get of down the is buying the property.- If you have 2 agreements, a Lease and an Option to Purchase, with the OWNER, you have no real committment to buy the property.

hi all my first post have been looking a while to , so much to learn here and i am looking for some help , here goes stupid really but i lent $110,000 to a relative who is an active realator for six months at 5% that was over 2.5 years ago , and no repayment and it gets worse , i now know they are underwater on there home by 200,000 or so and i am also aware that there is also a second mortgage which may be a private deal, bank is in court trying to get possesion , there are also other debts which debt collectors are trying to collect so a pretty big mass they are in , and i am also in , we have had lots of promises etc , the property is a farm and the mortgage is against the house , barn and 8 acres , my loan has been secured against 27 acres of farmland [horses] and i am told had a 2009 valuation of $175.000, this land has no mortgage , but it also has no road acces , only access is through the farm , but i am told there is a local law of access granted through continued usage , as you can see i am thinking worse case scenario now , long first post sorry . jim