The only way to settle that 2nd lien for less...or the 1st lien, is to have the home owner notify the lender that they have a buyer and it will be a short sale because the owner can not make payments and has exhausted all his resources.

Many seem to have some sort of mental "braking-mechanism" that stops them from doing the very thing they need in order to succeed: ASKING.If you want help, asking is the thing that triggers helping hands to take action.

Many loose their home because they can't truly afford the mortgage note on a hard money lender.If you would be in a position to refinance your home within 3 month from a hard money lender - then I say you have an option.Rest assured that if you miss a payment they are not as cooperative as a conventional lender - 25% of equity in it - and an investor mentality...lol you better suck salt to make those payments LOL.

The best advice i can offer you is #1 do your homework... cover every possible base mentally before you proceed

Obviously my uncle is not mentally in control of all of his faculties or this would not be happening.

I think it all goes to mental state.

(color of money) At least you have the mentality for REI.Good Luck,NavyDoc

Places like Pass Christian and Waveland still seem to be keeping the small town mentality and are nice for families.

Obviously they're selling their property at a significant discount so their rational strategic mental processing might not be the strongest at that point in their life, but I wouldn't say they're stupid, they are just motivated.

Even as a new wholesaler with a contract full of contingencies, I would highly recommend that your mentality with a seller be that you are buying their house not selling it for them.