For half the loans they have they are probably servicing and not the holder/investor.

It was a short sale with code enforcement issues with the city that took a lot of hours to resolve over the last few months and a lot of negotiations with the first and second lien holder to get it down to the current price (I guess a contract at 4.7% of the unpaid balance isn't the easiest thing to get them to swallow) so it wasn't just an easy just an easy purchase.

An option to purchase, on the other hand, is a unilateral contract which gives the Holder the right to compel sale of the property at certain price within a certain option term.See your local Real Estate attorney that has deep experience for your state.And, there is no "Due on Sale" Jail.

If the rental numbers work out, as you suggest they do, you might also get a little more from a buy-and-holder who's not counting on a quick profit - but you still won't get more than market price.Once you've figured out what your potential buyer might pay, then you can back into how much you can afford to pay with a little profit for yourself.

I'm primarily a buy and holder, and look forward to seeing what direction you end up going.

So would an example be like if there was an underground oil tank discovered after the special warrenty deed holder sells the property he's not liable?

This is what we have determined...The current amount owed to Chase on the property is 800K and strangely they are listed as a second lien to 1st Mariner which makes me certain that there is an error in the records because Chase believes they are first lien-holders.

Make sure the named insured is the title holder of the property.

If default be made in the payment of any of said installments or in the performance of any of the agreements contained herein, then, at the option of the holder of the same, the sum of the installments then remaining unpaid shall immediately become due and collectible without notice.

With the investor, you lay it out that the money is used to rehab the house, and that the investor has the 1st lien holder on the property.