First, consult with a lawyer about your specific situation, and all parties involved.

This is because the party losing the property has 2 years to challenge the legality of the tax foreclosure in court.

And then you can just close the loan at a title company.The harder part is finding someone willing to lend private money to you at a decent rate.

if this is an owner occupied property and the loan was used by the owner to buy the property to live in.. then they are by federal law able to request a 3rd party mediator to meet with them and a representative from the bank and try to work out a re pay planthe issue is many in foreclosure never follow up on this and basically waive their right to this meeting. that would be step number one get into the federally mandated mediation if the owner and the property qualify.

Couple with it the dramatic increase in currency in circulation caused by runaway spending by politicians of both parties and you get even higher inflation.

I would start with a conversation that is beneficial to both parties, you have to start with building the relationship.  

Now that being said, most companies/attorneys dont do a double closing in NJ because each party needs to bring their own money.

Obviously a party, too many people, pets in a no pet house etc.

Hi Zak-Great question.It sounds like your credit union is offering you a Home Equity Line of Credit as they do not expect principal payments and your primary bank is offering you a Home Equity Loan.Personally, I don't like having to pay on an equity loan unless I use some of it and only pay on the part I use.Although, this is a personal decision for you.If you make investments that provide enough cashflow to pay the principal and interest to your primary bank on the equity loan it doesn't really matter to you as others are paying it.Another consideration is the amount of dry powder available to invest.

I always sent a link with my application (basic info of who will be staying at the property) and I get a signed lease from all parties.