I had this idea I've been malling for about 5 years now, it's related to car title loans with process collections, it's always been complicated so I never got past the legal phase... but then the other evening it hit me, we could just impound vehicles when rent is late, with correct contract wording as always... lolWith some of our MFUs or THs, we have assigned parking to vehicles, or assigned parking to the property.

The complication comes in when you have other properties in the same area.

The model seems over complicated.

The big complication is I have another flip project happening simultaneously with holding costs of ~$3400/mo.

I have bought a house in the city of Philadelphia July 2016, the recording happened on that time and it has been a year so far , I was selling the property but the buyer insisted on using certain title company which made all things complicated and asked about the notices were sent by the sheriff's office to the old owner, which I never had or received or even sent to me that the Sherrif's send a notice to the old owner.Philadelphia county law said if it is a vacant property the redemption period is nothing ( this property was vacant for 10 years) if the property was occupied it is 9 months from the sale ( usually becomes a year with the recording time ), which already also elapsed, the title company who was closing the deal refused closing and asked me to do A quiet title action or lawsuit , so the old owner or his hires won't have any rights or legally won't have any rights in the property, then I was about to file that but the City officials who are responsible for the court process advised me that this case will be complicated because I will have to find that old owner who does not have any rights legally now already and service him the court case or his hires if he is dead.I am seeking your advice on the matter, and if you know any title company that is aware of the right laws and will to close for me this deal with any buyer please help me Ehab T.

It's not nearly as complicated as I thought it was going to be.

@Jay G.tales of people living rent free for a long time are from 5 years ago or more or in a judicial foreclosure state.

Or am I over complicating it?

Rather I'd prefer to hold property and gain from it on a monthly basis.I know it's more complicated from that, which is why I want to learn.So basically, I'd like to know if you have any specific material for off-country investment, vacation property that may only work half the year (In Crete, I understand the island is not active during the winter), management, and biographies/success stories/mistake stories of such cases.I type as I think, so I might be all over the place, apologies for that.Thank you very much!

The primary method of foreclosure in Virginia involves what is known as non-judicial foreclosure.