I'm sure it's the first mortgage based on which instrument is cited in the foreclosure notice.

I joined last year and it's been instrumental in giving me the resources and contacts needed to invest in real estate.

Then run the numbers and determine if you're okay with it taking you x-months to re-coup y-cash out of pocket (Cash On Cash Return). 

In the last coupe weeks I bought 4 SF, and a MF  all are about 30% lower the current values.  

Per IRS rules, any debt instrument must be non-recourse. 

However, the language in the contract states the following:"...the deed or other conveyance document to be delivered at the closing shall be quitclaim or other similar instrument conveying the seller's interest in the property, if any.

This will be instrumental in locating these deals.Thanks again and I look forward to more discussions on this forum.

As I coupe of contacts form California have asked.

Texas Instruments is based here and the engineering group for many years was run by UofI grad and Nobel prize winner Jack Kilby.It is also a super common destination for University of Texas grads another top 5 program in addition to A&M and other schools.There is a ton of tech/tellecom already in Dallas between Lockheed, Raytheon, L3, Sabre, and a ton of others.Yes Dallas isn't for everyone, but you know what, neither is Seattle or Silicon valley.BTw...I know you haven't ever been to South dallas and looked back from the Trinity at the Dallas skyline, its very scenic, one of the best skylines in the country. 

Also mostly scams...Having a few good friends in the business is instrumental.