thank you- but maybe im not being perfectly clear-an associate of mine OWNS the property already--he has been rehabbing it to sell and needs more rehab capital--i am going to give him that capital, BUT, i want to be secured in case anything happens and he cant complete the rehab--i dont want just a promissory note, i want to be a lien holder on that property with the stipulation that if he doesnt finish the rehab and close on the sale to the end buyer, then I can take over that property--hope this helps--thanks so much

A large competitor of mine in the area is offering this service and the jist of what I am understanding his goal is to negotiate a repayment plan that both the bank and the mortgage holder agree upon (ex: client is 3 months behind with a 750 a month mortgage.

What makes this simple is that the buyer you brought to the table establishes a contract with the title holder, so there are no seasoning issues.

And when the housing market turns around, the value of my properties will improve dramatically, so I want to buy while the market is bad.There are exceptions to every rule, of course, and we haven't bottomed, but in twenty years I think that buy-and-holders who took advantage of this environment will be glad they did....

Dubai will care where the cash came from as money laundering and other crimes are still a crime there.Dubai does not tax foreign nationals for a period and there are other tax laws that are designed to encourage investment.At the same time the US tax laws still apply to any US passport holder or holder of a US green card.

get it under contract:subject to: the banks taking less money than they are owed.Short sale.if there are secondary lien holders:subject to: all the lien holders selling me their liens at 10 cents/dollar owed.

While even these "star" markets will be working their way through a period of price adjustments or a lengthier listing period at least their core fundamentals are sound.Those home owners who are unable to pay their upwards adjusted mortgage payments and who have not been able to re-negotiate their loan terms with their Note holders will assuredly become "tomorrow's renters".It's already started in many areas... rental availabilities are rapidly shrinking = a strong potential for investors willing to build SFRS for rental or for "sale" under Lease with Option to Purchase contracts, 2-4 unit multi-family and new apartment complexes.In Myrtle Beach and parts of Charleston (SC) developers of recently completed condos are now replacing unresponded to FOR SALE signs with "Lease with Option to Buy" signs and are now actually seeing evidence that strategy is WORKING.Savvy real estate investors are targeting "spec" builders with unsold inventory that has become a "money drain" in terms of interest carry and are buying SFRs for 10% - 20% below actual cost to complete.

I don't see a mortgage originator sneaking deals through without notice, especially since it is customary to notify a senior lien holder when doing subordinate financing.

Of course, that gives you time to work out some kind of deal with any other existing lein holders :wink: .Thanks for the info on the IRS though.

I am involved in my first Short Sale negotiation and the currnt lender to the current note holder requested that I submit a contract to purchase the property to the current note holder.The current note holder will submit the offer to the current lender with a letter of hardship and supposedly a HUD1 settlement statement.