I’ve learned the hard way that a little miscommunication can lead to big headaches.

So it really comes down to what is the best strategy for you.

One of the biggest problems that can crop up with a wrap is that the first mortgage holder is alerted to a change of ownership via the insurance policy update, and calls the mortgage as immediately due in full.

Our purchase price was about the same as the bank appraisal.

This is the max that the lender can bid up to. 

I suspect the lien of the judgment could be transfer to a bond posted with the clerk of the court. 

I dunno @Mike Francis, this has come up before and I still think that you aren't going to get a ton of traffic from being on there.

We can lend up to 100% of cost but LTV must be 75% or less.

Would be glad to talk more about the area!

One thing that I screwed up a few times was this - don't do everything the way YOU like it, try and think like everyman....