I had a situation that fell out in a similar fashion but the tenants kept things poorly and owed damages which they did not pay.

The value of the property fell from $800K to $650K in a few short months, and he finally took down the for sales signs a few months after.

I never had any plans or dreams to own my own home but when my former boss made it sound so easy I fell into it fast.  

LOL - I think it's more likely that someone was jumping on the roof (there is no attic in this area), or a limb fell on it when the neighbor was trimming the trees. 

there'll be realtor's that will be title companies that tell you they've been doing this 30 years and it's impossible they never seen it done it's not true unfortunately these people are doing home sellers and buyers a big disservice they miss countless deals because they fell to be creative there are two types of Deeds for a property one is a deed which is a grant deed quitclaim deed that prove then give title of the home to a particular person then there's a deed of trust a deed of trust is when the bank or some type of lender puts a lien on the property for the amount owed to purchase the property so if you purchase the home through financing you will have both of these titles the title given you power to sell which is the grant deed and then the trust deed or deed of trust if you go down to your Recorders Office you can look up your home and you will see if you have financing that you have a deed of trust and you have ownership title to the home which is the grant deed on the deed of trust you can look up how much you owe how much your monthly payments are and when the loan first started anyways you have the right to transfer title at any time on the property because you are the owner if you read the clauses in the deed of trust it will tell you the stipulations if you change title sometime the lender will require full payment on the loan amount you can avoid this problem by simply contacting the bank with the previous owner who you intend to buy the property from have him go to the bank with you and facts a copy of yours and his ID giving you permission to have access to the account to make payments and know what the balance is you can speak to the bank and say Hey listen I'm going to help out my friend by taking over this property and make timely payments sometimes the banks would just rather get their money then have to pay lawyers and foreclosure costs just to give you a hard time if the bank would want full payment of the loan they give you time to qualify sometimes you don't need to have good credit is basically just documenting all of your payments that you made on time payments you've made on time they give you 60 days to six months to secure financing before they start demanding full payment very rarely have I had this problem but I have had this problem and when I did I just had the previous owner did me the property at the title company and I didn't record the deed which can be dangerous and listed the property for sale when I found a buyer I had the title company record both the Deeds at the same time and I made a big profit I hope you really could appreciate this information you have any further questions 

It does not matter which part of the tree fell and cause damage as it being hanging over the property line or completely on your property. 

He took me under his wing and agreed on a deal that later fell thru.

Kind of in a weird predicament here.  We entered into an agreement to purchase a few buildings from a seller.  The seller was very slow in returning docs and filings.  The attorney did send e-mails, but all the docs w...

What I did right was considering the downside (Art of the Deal).If it fell apart could I live with losing the 1k and owing the partners that money back at zero interest within 2 months and they be okay with that?

I originally rented to a young couple and a few weeks later they were gone and prostitutes and drug dealers moved in.