Here are Wake County NC numbers*m/years-trfore1/124092482/127231673/124071534/125912055/124311956/123051907/124111458/124321629/1238712810/1246514711/1247711312/12341118totals53791971There is relative stability in the number of Substitute Trustee (S-TR) and Foreclosure Notice (FORE) filings.

You are substituting the quality of BP advice for a local guide who may not be as accomplished.

@Alison Miller"Walk that to another property"= substitution of collateral

Borrowing money from other investors can take you out as an investor and put you in the business of dealing in notes.Getting into notes with other investors, sharing in a note, you could be paid equally if things blow up, but there is no way for each party to be equally secured, someone has to be in front of another when you have more that 2 sharing that milk shake, neither one gets all of the last sip.Substitution of collateral being allowed, this is a huge red flag as such substitutions need to be and remain equitable, values must be verified and not at the whim of a broker without approval of the investor.Recourse or the ability to collect your money in the event the note seller made a material mistake, error or in some cases intentional acts including fraud.Lastly, notes are made, funded as legal obligations, they are subject to law.

If you are dealing with a business relationship things can be a little more forward of course.A great way to get cheap private money is using seller financing with a substitution of collateral clause so you can move the financing that is in place from deal to deal.

Wouldn't surprise me if they pass something to "fix" this, oh wait they caused it in the first place because of the substitutes and now they are looking for ways to save money.

Unfortunately, there are no good substitutes that don't involve digging through public records.

Joe, unless the seller is a dummy, since he's offering seller financing to YOU, he's not going to just let you substitute in anybody you want, and you walk away with a fee, no liability (assign).

Rishel Consulting Group is not a law firm and the information is not, and should not, be considered legal advice or a substitute for qualified legal counsel.

@Joe GoreYou do have me convinced I need to check out back page and start posting there too.However glad to here these Craigslist tricks since I still think that is where most people are looking.So nice addition but don't see it as a substitution.