Carl
Level 15

Deductions & credits

There is a lien on the title that shows I owe money to my mortgage bank, but the title is still in my name.

I question if the legality of your actions would hold up in court. Additionally, your installment sale loan doesn't appear to be secured. Also, on an installment sale there's the IRS assumption of "implied interest" which is taxable income to you. Your situation needs to be reviewed by competent legal authority.