Bk will probably only muddy the water but not save you since you probably have personal recourse and a transfer to an LLc will not get you away from the recourse.If the property is covering the debt, you might be better served working on an extension with the bank.

Another factor that I’ve been looking into is if/how her regular HOA dues (current $2K/yr) and taxes could be wrote off on her capital gains since she has owned the lot since 1985 and transferred the deed solely into her name in 1995.Some additional background on the project we have planned for this lot:$100K for the lot$250K-$300K build cost$620K for comparable sales (same home we sold in December)What does everyone think?

Could you explain how can you be on the title before you market for re-sale, if you have to do POS violation removed or assumed before the title transfer?

I created an LLC and transferred the deed to my first (and only) investment property into the LLC.

In one case I discovered that the deed was transferred to the county because the homeowner was behind TEN years in their taxes.

Is there a transfer if the lead to the walls, or if the paint is gone the lead is also?

@Joe YobaccioYes there are regulations, especially in regards to the compliant transfer of data to the seller and their licensed servicer.

That will be paid with transfer of title. 

Every once in a while I transfer $1 from one to the other and, often, back again.

Instead of all the payoff quote, fax, processing, wire transfer and whatever else fees that are normally charged when you sell ($300ish) , she only charged an $88 satisfaction fee.