I think, in california, there is no deficiency judgements filed for purchase money mortgages.

Perhaps I'm wrong Josh, but what I am getting out of the last several comments is that some members here (Mitch just said it best in his last post) are tired of other members making an immediate judgement of a "analize this deal" question using the 50% rule.If it does not pass it, that investment is immediately labeled a bad investment, which just may not be true.

Is this the appraisers first and foremost criteria to base their judgement and comps on the property to value it?

If you are unsuccessful in reaching them and it gets to be past the 10th I would follow up with a registered letter informng that it is the 10th and you have not heard from them or received December rent so you have no choice but to file Judgement for possession based on non payment of rent.

You could explain to them that an eviction would result in an unlawful detainer and affect their credit and that you then would have a money judgement against them and that going your route would be a win win for both parties.

Such a judgement call.

A full title search is not just a check of the land records it is also bankruptcy, judgement, municipal lien, IRS lien, etc. search.

Account Closedthe concept sounds interesting but without knowing the specific people behind it I wouldn't be able to make a judgement call.

It gives the owner of the tax lien that holds the 3rd year back the right to go ahead and pay you and the 2nd year off, then allows him to apply for the foreclosure.Also, I hope you remember, if you are actually trying to acquire the property, even if you are the 3rd year back and you go through the steps, your tax lien is only good up to the full judgement of your principal and interest plus costs.  

Or file a judgement?