Jeff is also a licensed escrow/title officer so we close many transactions as well.

.- Tag a friend who would/could benefit from this discussion.

Unless the foreclosing party still retains title, then the redemption amount is the loan Total Payoff.  

DanIf you ALREADY have TITLE to the home Sub 2 their existing loan and If the payments continue to be sent in to the lender, taxes are paid, and insurance is maintained the lender will in all likelihood continue to accept those payments.

.), Hard or Refundable Earnest money & terms for that, broker representation, title company, attorney info, etc.Best wishes to you. 

Have lending/title lined up for the exit or refi. 

Current Payment P & I payment is $1,200/ Mo Husband and wife are on TITLE - their Dissolution of marriage calls for the WIFE to pay $550,000 to the husband and then she can KEEP the 100% of the home.

@Tim Kaminski Many selling costs are fixed (eg title search fee) while others will scale with the sale price (title insurance and realtor fees).

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

i occasionally go to the monthly sheriffs sale on the courthouse steps with a wad of cash and hope to get a good deal. the list above lets me know about potential houses that i can drive by and do title searches for.