I looked up the tax records and there is only one unit listed( one pin).

Assuming you have a post eviction judgment, you should at the very least record it in your county.

When he sets settlement have him inform you so you can get a copy of the buyer's HUD with his consent, this is to cover you tax wise for your records.

I ended up signing a 1 year contract to purchase 8000 records for $1000 (as it turned out, I only ended up getting about 5000 records over the course of the year because of the way listsource charges you for additional information not covered in your contract, which my rep did not explain to me).Well, fool me once shame on you, fool me twice shame on me.

The records and drama you have to deal with is crazy.

In January 2014, I turned the keys over to the new homeowners of a ground-up custom built 4500 sq ft home in record time, considering the incredible amount of rain we have had.

Worst case scenario, you would have to file this contract in deed records and the landlord would be forced to pay you before he could sell the property in the future.IMO it's pretty unlikely that you would go into the LO contract and have the landlord back out.

They might be able to use the purchase agreement and a record of on-time payments after a year or so.

banks just don't like lending to LLC's unless they have a track record of success as well as member owners that can qualify.Try to sell them on an ARM. even if it's a massive joke in interest it's better than losing the property.

Therefore, regardless of what the records say, purchase price and all, try to talk to the owners to see what the deal is.If owning a vacant house is worth it for the bulk of them, that is, they ARE creating some value to the owners, then stop calling based on the mortgage numbers.