I bought a property at trustee sale of a second lien and after a month's rehab, put in on the market for resell. 3 days after my buyer got into the contract, the 3rd lien hold (BofA) filed on NOS on the 3rd lien...I informed the trustee and the bank about the situation...and Bof A got back to me that "they are looking into the situation" They thought they are the 2nd position, since it was a HLOC, but the 2nd and 3nd recorded date were 14 days apart.

I've tried about a hundred different nos. 404,678,770, and 470 and none were available.

Don't get discouraged if you start off with a few "NO"s because you get those a lot in this business.  

There’s no S Corp scenario where that isn’t a requirement.  

A lot of what creeps in as far as no-nos is perpetuated by lenders with overlays. 

Now you can either choose it KNOWING what to expect, or you can say: "Ohh HELLS to the Nos!"

@Justin Polston lol, no s.

You have to go through many "nos" to get to that yes....but if you're persistent and consistent, that yes will come.Congratulations to you for taking action, and welcome to BP!!

You will have to go through many "nos" to get the "yes" - if it was easy everyone would do it and that's why alot of people give up.   

What are some Definitely "No-Nos" when buying a property which need rehab?