The starting bid is determined, generally, not by the amount owed, but by the note holder or its beneficiary.

Fellow Baltimore buy-and-holder here.

Good chance you can have a conversation with the holder of the second and let them know they could own this property unless they drastically reduce the interest rate and payment.Only make the effort if you would consider keeping it.

In most cases, note holder is RE group that buys/fixes/sells to investor or owner occupant and is raising cash for othe projects.

However, if the property is not claimed by the rightful owner of the property during the redemption period; the certificate holder of the lien will own the property free and clear from mortgage liens and/or other liens attached to the property.

This is to make certain that it cash flows.Think there's any chance that estate seller (now a note holder) will come back to the well early and be willing to negotiate a substantial early pay discount?

People get divorced, die, become incapacitated, take bankruptcy, get sued as well as other events in life that can have an effect on thier position as a note holder, being in a first and second position can casue further problems, and in turn may cause a problem for you as well. b.

Actually, an Option is a deed restriction, a contingency that the title holder may be obligated to sell.

Note holder wants 21K for the note but I feel that is too high.

As to buying notes in a CFD, I suggest you consider buying the property subject to the existing CFD Dion, this may cause note buyer to cringe, but the holder of that CFD needs to convey title.