The NOS was just for the $0.8M. 

I have not looked in the market personally, but I have heard more NOs than anything for that market.

Until you get "no"s from all the small banks in your county, you don't know that financing isn't available for your less-than 50% loan-to-value proposition.

They began defaulting in 2009 and an NOS was filed sale to be conducted Jan. 2010.  

You will get a lot of "NOs" but these deals do happen and you can make it work with perserverence

I understand the allure to save $ but definitely one of the biggest no nos of house flipping IMO.

I doubt it because instead of an NOD, you'd be looking at an NOS or NOTS (Notice of trustee sale), which is a public filed document that tells the world what the the schedule auction date is.If the daughter (Or any heir/successor) cannot establish themselves as a legitimate successor in interest, they risk losing the property at sale.Unfortunately, probate is independent of the default so, even if the property is in probate, that alone will not stop a sale, or even postpone one.

You don't want to drive the deal away, but there are some major no nos that you may agree to that will completely kill the value of the lease.Keep us updated.  

On calls, books don't help that much since the impetus to keep going after 20 NOs is something learned and not taught.I'd get with your firm and determine what your goals and contact list will be.  

The NOTS or NOS (Notice of sale) has the total amount owed as of that date and the original loan amount (Excluding legal/foreclosure fees).