I've been sold on learning someday every since I was a youngster.

I am 25 and 8 years younger than any of the other partners at my firm, so I know how age can effect things.

But, it may produce an "echo boom" sort of effect when the protection expires.There have been a series of series in the Denver Post that talks about the whole foreclosure situation.

are they dealing w these problems more effectively?

We have considered creating and signing a contract that states the expectations of both parties, but are not sure how real estate law effects our situation.

Effectively, you gain $70K in net worth.

However it is disclosed as non effecting number to the borrower.

Look up "adverse possession" and "abandonment of real property" issues in your state.However, I'd say it will effect marketability, I probably wouldn't buy it if I couldn't maintain the side of my house.

It is a challenge to make it cost effective.

But make sure he understands this isn't setting the precedent for any future deals.....he's being fairly compensated for his part as is, you don't want him thinking he'll be having the same slice in the future even when the pie is larger.