Or, if nobody pay him off for whatever reason, and he is not stopped from foreclosing judicially, he has ownership of a property probably worth many times the amount of his lien.

Essentially, I am working with a group of 3 others and we are sharing ownership of a corp.

Queries are based on 6/1/19 datasets, so some results (e.g. ownership state) will change over time. 

The way I think about it is your ownership 'rent' is mortgage interest + property taxes + hoa + mortgage insurance... if all that is more than rent... keep renting.

Are you in a flexible enough position to handle things not going according to plan in the first few months of ownership?

Seems like such a fruitless effort....Anyone trying trying to track their assets will see the transfer from them to the land trusts and suspect they are still the owners and a simple search in sunbiz will show their ownership of the llc.Any fake mtg would easily be quashed with minimal effort in court.

You realize what you offered him would of significantly reduced his cash flow and he would lose ownership and have to foreclose vs evict.

If we sell the property and want to effectively end our co ownership, would we each do our own 1031 exchange?

Location of property: MarylandPurpose of financing: purchaseType of financing sought: Not sureCurrent or prior ownership of real estate: In the process of closing on first purchase.

Current or prior ownership of real estate: Rented a home for last six years (perfect record).