So, either something in this convoluted arrangement resulted in this guy not having an ownership interest, or he really did and he was, well, railroaded by this commission.

They get paid regardless of what happens and in fact often get paid more for frequently placing tenants and arranging maintenance.

to my knowldege, you can't stall the proceedings before the auction usless you arrange payment.you can, in NC, stall the proceedings once the foreclosure goes to auction.

I have found a decent book that just deals with these types of properties and covers lots of specifics: Armchair Real Estate Millionaire.From a financing standpoint, there are programs that allow up to 90% financing for this type lease tenant arrangement.

The lease should get a security deposit and in every way be a normal lease, whatever normal is in your area.I recommend you have a look at Wendy Patton's or Andy Heller's books on lease options.As to being able to "sell" such an arrangment to another investor, no idea.Jon

With this arrangement, my financier in the states, will be effecting your payment deposit to you.

Trying to arrange a few assignments before investing in my own property.

If you're not familiar with an annuity, that's an arrangement where someone (the beneficiary) pays someone else (typically an insurance company) a chunk of cash, then gets back a monthly payment.

Long before they ever get to the point of accessing the FDIC to make good on your "deposits", the "Fed" arranges a shotgun marriage between your bank and another "stronger" bank.I went through this in the '80s in Houston.

Or, solving for debt service will give you an idea (albeit subject to the details of your financing arrangements) of how much you can spend to acquire the property given the average/acceptable rents in a particular area.I like bar room napkin math and this looks like a quick and dirty way to determine whether I should spend more time considering a particular property or not.Please let me know if my conclusions are flawed.Thanks again,