Turns out, the mom gave the property to the daughter (who I was working with) but the daughter told the mom to keep it rented and keep the cash flow as supplimental income.Turns out the mom has Alzheimer’s and did the contract with the occupants...without being the record title holder at the time.

Buy the note and pay the first holder from note proceeds.So ya think this can't be done???

Btw, if you don't close, the holder of the earnest money is on the hook to interpret the contract and either award the EM to one party or send it to arbitration.

or, if upside down, able to negotiate with the note holder a short pay-off.

The holder of the initial mortgage is foreclosing on their mortgage and I'm a little wary since only 1 has been released.

Not sure who the primary holder is (tax records only show the HELOC, but the MLS does show there was a conventional mortgage upon purchase).Any suggestions on how to find out the primary lender?

Purchasing the note from the second lien holder might be another option to consider.

I heard that after the depression of 1929 the banks paid off their account holders - $0.10 on the dollar - 5-10 years after the fact.

Once I become the holder of the fee simple title I; then, resell MY property using the same listing agent.

I'd like someone to show me a document recorded in a courthouse that has a certificate holder as a "?"