It was simple . they check your credit, your bank statements , youre fundedIf only mortgage loans for this easy

If that paperwork is not available and If ex is cool then it could be as easy having the ex sign a quitclaim deed.

Hi BP,I've heard too many horror stories on property management companies that are not doing their job properly (i.e. do not provide best advice on hazards, termites, do not try to save money when it comes to minor and major fixes around the house and in general do not act as the owner proxy and serve his best interest).From one hand, for 10% (especially on low income neighborhoods) I realize (but not understand) that I can not expect property manager to take care of my house as its own.

Here’s what it says: “Loans Secured by Real Property or Used to Purchase, Build, or Improve Real Property: If properly originated and negotiated, such loans are typically exempt when made or arranged by a licensed real estate broker.”Was your loan to your friend properly originated and negotiated by a licensed real estate broker?

If you have a pan, water, and an open flame - put them together and you will have boiling water, It's that easy.

I use the Cozy site, it's free and is easy to use.

There are still ledgers of REOs, but they're not as easy to find as the used to be. 

Current value is about $200,000 as is but if everything was upgraded comps are easy $350,000.

Have your dad talk to his CPA about tax implications and estate planning so that it is done properly.

I don't think there is much you can hold the old owner too. the proper way to handle this would have been to request the house be delivered vacant and then refuse to close until its vacant. you accepted the house under the condition it was, which was one room rented out. you now have a tenant that is refusing to pay rent. you will have to lawyer up and evict.