To me, if the ceiling was cut open to fix the drain above then the damaged sheetrock would not be put back in place.

So what if you bump up against a case where you simply can't get a single bank in town to refi after your rehab?

However, I simply assumed that if one dies without a will and no family, the property would eventually escheat into the state’s coffers and they would then sell it?

Is grandpa simply trying to clean up a stale account held by the trust to create a better trust for the future heir?   

I have seen these go very bad.For a very well financed investor who if the loan is called can cash it out without benefit of rei  ( because they can't refi because they don't own it)  and can continue to make the payments if the person they sold it to defaults while you go through the foreclosure process.. this can work.But the risk to the seller is great in these deals.The risk to you as the middle man is simply your conscience...

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational, thought provoking ideas relevant to REI.

I signed up for the 6 months but had to cut it short half way though because of personal vehicle problems so I only marketed for 3 months, honestly I personally don't care!!!

Even so we thought it best to let her go, cut our losses and move on.

Find lenders who are respectful, can explain their terms and associated criteria to you simply, and in a manner you can understand to evaluate properties on your own. 

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.