I've been a holder of mostly growth / alternative energy stocks . . .My fave:MEMC Electronics - WFR - makes the silicon wafers that are used in solar cells

Although I once bought a first for 75% but that was because I knew that the homeowner wanted to refinance his 11% mortgage, and I knew that the note holder really thought the guy wouldn't qualify and wanted the money worse than they wanted to wait.Since I had the financials on the first mortgage and a lender had already said he could get the guy a 9% first I helped the guy get the loan by taking a 2nd for $5K in closing costs and cash back at 15% for 6 years.I made a handsome $28,400 in about 60 days and then put $5K back on the street @15%.

For example, if you buy a $5,000 lien on a $100,000 house with a $65,000 mortgage and it is not paid and redeemed, you get to foreclose, and according to what everyone says - the mortgage holder is "wiped out".

We can perform a number of services including soliciting work outs, deeds-in-lieu, collections, foreclosure, getting bankruptcies dismissed, evictions etc...It doesn't cost the note holder any more money to use our service that it would to go directly to an attorney.

They have repeatedly called the mortgage holder (seller) complaining that the payments were late, even though I have paid them all early and have the receipts to prove it.

Comments per line item:Section 800 - Underwriting Fee - this is pretty high at $900, I am inclined to say this is put in as a place holder but the there are two fees inside of it, a processing fee (for the broker) and an underwriting fee (for the lender).

In MD redemption period usually lasts 6 months after the County's Tax Sale Date and the lien holder has 2 years from the sale to initiate a foreclosure proceeding (do your own due diligence with this and do not take my word for it)!

@Ankit Duggal has a spreadsheet for calculating returns on liens in "FilePace" under "Resources" - but you may need to be a Plus or Pro account holder to have access to it.

I remember back when I had my license they drummed that into our head in school that you HAD to have all title holders sign the listing agreement.

Starting next month Chase is not letting anyone but the account holder deposit cash in an account, so your friend might want to talk to an accountant or an attorney to discuss that situation.