I'm expected to sign paperwork tomorrow.

We even had to sign the permission forms for them to obtain 2 years of tax returns, although they didn't ask us, personally, to provide the returns.

Write an "estopple letter" that reiterates the key terms of the lease - security deposit, when security deposit is to be returned, rent, lease term, what was in the property, and have the tenant sign it.

This is a sign that things will get better for this town.

I understand in order to negotiate at all I need to get the previous owner to sign a release, does anyone have an example of one?

They will also have you sign a form giving the lender the authorization to request the returns directly from the IRS.

More to the point, any lender these days is going to require the buyer and seller to sign an affidavit indicating the transaction is "arms length," meaning the the buyer and seller have no relationship outside of the transaction.This clearly isn't the case, so signing the affidavits would likely be considered fraud.

Just because the wife is listed as the manager of the LLC does not mean you bought from the wife -- you still bought from the LLC and the guy most-likely is part of the LLC.The title company should have reviewed the LLC documents to make sure the person signing the deed was authorized to do so, so there is nothing illegal in a person authorized to represent an LLC doing this even if someone else is listed in the corporate documents as the "main" person.

You just sign some papers and attend closings.

If you signed an occupancy clause and the bank finds out they can give you the option to: sell, occupy or refinance.Your insurance should conform to the usage.