I will adjust down from there (maybe up but I doubt it) to adjust for the 4 factors above.There are limits.

yeah filing for bankruptcy is the safest bet for him. it may sound strange, filing for bankruptcy is not so bad... but how the society takes it takes a toll on a man.if he wants to come out of it read the articlehow does bankruptcy work tell him to be strong and file for it. he can start building his lost credit after 1 year or so...Vik

I'm not sure about the Section 8 thing but I'd be willing to bet they only require you to be up to current code.

One attorney also told me that the way I am doing this that the IRS will bet involved.

So any advise, links, etc.... would be of great help to me.Hello there Louise-Your best bet would be to go to every banking institutional web-site and fill out their broker package!

The difference between your basis and the adjusted sales prices is your gain.Interest is a deductible expense, principal is not.Depreciation for all residential properties is based on 27.5 year schedule.

two world series titles in the last two years, bet you guys don't know what to do...

I also bet on the location of the house and the area with very low vacancy factor.In conclusion, I pay only attorneys fees to structure the deal.

This calculation, and Mikes, I believe, assume 100% financing.Whoever is giving you that response (bet they're selling the property, or otherwise involved) is missing the true expenses.

This is a bad thing, but love is a strong bond and I am betting that there may be a chance that her and your family may be able to pull together, find him and get an understanding of what happened and help him.