Does this mean that those notes are being sold by the banks as a pool to the highest (I'd imagine billionaire) bidder who then plays middle-man and sells them off as he/she sees fit?

https://bidmiamidade.com/mainAccount #: 3122020444010Listed as Oceanview condo: 19390 COLLINS AVE UNIT: CU-O Sunny Isles Beach, FL 33160-2200https://www.miamidade.gov/propertysearch/#/?

Maybe you can considering pooling in funds in this LLC and then purchasing property cash with each ones roles & responsibilities clearly defined.

I would think the tenant pool would be the same as a similar house in that case, but I'm not 100% sure on that either.

That's stepping into the deep end of the pool without floaties if you ask me (I know...you didn't).I'd follow Wayne's guidance and if they are the one's filling it out and have that level of disconnect at this stage of the process, I'd get another title company.On another note, if your offer is $450M and the BPO is $650M and the total debt is $850M, I think your going get to a point real quick like where this deal will fall apart.

Have you tried suggesting to the seller that since the property is hard to finance, (and will thus attract a smaller pool of potential buyers), it might be in the seller`s own best interests to offer owner-financing?

Also how would this work for lets say a pool of notes.

I'd basically be cutting out a huge sector of the buying pool.

Performing loan pools can have AAA....REO is junkFannie sold or was selling 3B in 2yr bonds as recent as two weeks ago...Not sure if they were rated AAA though,

Toured one place with heated pool, billiard room, tanning salon, full-sized indoor basketball gym, exercise room, movie room, and so on and so forth.