Its a matter of handling/categorizing the transaction properly...Does this help clear things up?

Seeing what the proper way to set it as for ubit tax if that applies and how people structured something like this before.

Seeing what the proper way to set it as for ubit tax if that applies and how people structured something like this before.

Seeing what the proper way to set it up and how people structured something like this before.

Proper insurance sent out a note about this and the policy doesn't cover this kind of interruption.

As i was eager at the time and not as knowledged as i am now i didn't do the proper investigating to notice the homes heating source was a single unit oil based furnace (thermostat being located on the first floor with the tenant).

But to be clear.....if the LOC mtg was recorded After the foreclosing mtg recording, there is no need for a subordination clause...the LOC/2nd recorded mtg is automatically junior and gets wiped out with a foreclosure by the first, assuming they were properly named/served. 

I advised the lender, that I wanted my client to be properly prepared.

Then, if properly handled, the LLC limits the assets the claimant can go after.

@Russell GronskyI’m still new to this, but it sounds like if the mom didn’t go through the proper steps to move out then she’s still in the hook for the rent.