Okay, so we had an inspector come out to my fathers home that is very distressed. We own the land and home free and clear so we do have investment in it.

However, it looks like ( from the initial inspection), we hav...

Use caution, use pastels and ask for advice if your not an expert at this.

I'm no REO expert but my guess would be to wait till BofA takes it back and then let them clear up title and make an offer to them directly.

I'm no expert on note buying, but I don't see how you would do this as you describe.

I'm certainly no expert in this area but there seem to be an awful lot of timeshares here.

I would really appreciate some expert insight on how to structure this new offer on my townhouse....They buyers really want to buy it.

Not an expert on this.

I have spent some time researching this and while I am waiting back on an answer about a local/state rule I can say with confidence there is not federal rule.What I have also learned from several leading experts is that it depends on the “intent†of the property at purchase…meaning there are those who have had to pay up to the IRS on their first land contract as their intent was to sell it when they bought it VS there are people who have many land contracts but only pay on the installment basis because their intent was to rent or do something else with the property when they bought it – so cases that go to an audit seem to come down on intent.I am not a tax expert by any means but that is what I have learned to date….still learning on this topic.

What they are experts in is sales and marketing.

So..sorry about the intro, just wanted to disclose I am the furthest thing from an expert.