So, the local broker who nails the collateral closer to what it can be will usually have a higher price, that is from private note holders who don't command the attention at the institutional level.

Are you saying that your monthly payment to the seller was $400 in excess of his/her payment to the mortgage holder (essentially what the seller is pocketing every month)?

Instead of a mortgage company being paid off with the new mortgage, it will be the current LC holder.

Since the homes are sold on lease to own, I'm assuming the landlord/note holder is responsible for repairs.tagging people doesn't work on mobile phones which might be a problem you're having.

I'm working with an investor/ 2nd lien holder to sell a note for a motel in California.

Or can #1 tz deed holder screw around and not sell the deed?

If we could, we wouldn't need half the laws on the books.Most regulators looking are at the state level, most are still working.The seller finance issues haven't really hit the fan yet, wait til a note mature and the holder takes it to foreclosure, where a buyer then gets an attorney.

How likely is it to find a bank that would loan on a home improvement as a second lien holder and keep the interest rate under 6%.

The hard part is finding GREAT deals..MAO standing for Maximum Allowable Offer and the wholesale profit you need means you need to get a deal for a price even below what a rehab flipper or buy and holder will pay (their MAO).

It wasn't clear on a lien holder or an amount owed.