You have hit the JACKPOT of resources for real estate investors.

But just a tip, because it is such a pain, just watch the legal notices, Our last big score on this front was they were widening a now main street lined with 10 year old homes, we saw it and started taking long term options on all the nearby vacant lots and when the bidding started with the low interest in moving homes we got most of them for very low prices. jackpot.

I agree with Bill Gulley , if you aren't doing anything illegal it sounds like you've basically hit a jackpot of sorts.

My $.02:  Grab your 70% LTV, and for your next purchase be sure and work your numbers so that you can calculate that 30% discount, as well as a value add that can give you potentially more $$ so that you can pull ALL your cash out (and maybe more, if you hit the jackpot:) If you do find a bank willing to do a 100% cash out re-fi, please share.  

There you will deff be the owner of the property. 95% of liens get redeemed so your odds of hitting the jackpot on a lien are pretty slim.

Try to talk to some lending programs, there are a lot of aggressive lenders here on BP, but for 130k and your income in CA, I don't think it is hard for you to get one, maybe bring someone with almost perfect credit score and you might hit the jackpot.

You have hit the JACKPOT of resources for real estate investors.

@Kaohu Seto  Sounds like you hit the RE jackpot.

You have hit the JACKPOT of resources for real estate investors.

You have hit the JACKPOT of resources for real estate investors.