That depends on if your state you have a notice of default or a lis pendens notice that is required of the lender by state statutes for foreclosure proceedings.In my state of Georgia we don't have either.Simply a letter is mailed to the borrower from the lender and then the foreclosing attorney advertises 4 weeks in the local newspaper and it's sold the first Tuesday of every month.If your state requires notices to be filed then the courthouse is where you will get information first.There are companies that sell lists but by the time they come out days or weeks have already passed and everyone else is lazy and gets the same list.So the name of the game is to get to them before everyone else.To do that you have to be willing to put in the work.Other ways to find people in distress is by classified ads,internet presence,etc.If they are in distress and it's not in the public records you will have to get them to raise their hand for help.I have typically found those in the early stages of default to not be as motivated as 90 days or more behind.

Note that the statute contains no significant defenses for well-meaning sellers who thought they were giving the buyer a good deal, even if the whole arrangement was the buyer's idea in the first place.Accordingly, the risks to an investor of engaging in executory contracts have nearly eliminated their use in the residential context."

Yes I think it will impact existing foreclosures in a few ways: (1) it reduces the statute of limitations from 5 years to 1 year effective as of July 2014 for existing cases; (2) it allows homeowner and condo associations to speed up the bank's foreclosure action using the "show cause" procedure; and (3) I think it may have "awakened" the banks that they can use the "show cause" procedure (a law that's been on the books in Florida since the 90's) to speed up foreclosures.

The firm application is here: https://www.ncrec.gov/Forms/Applications/FirmLicenseApp.pdfThe way NC REC rules work (as opposed to NC statutes in Chapter 93A) are spelled out in 21 NCAC 58A.0502 entitled FIRM LICENSING.

I challenge anyone to find reference to the very concept of "pre-escrow" anywhere in any statute or regulation.

Tons of news articles, legal articles and the state statute citing this tenant doing something like this is illegal.

See FL statute 475.

Per Statute 494 which governs mortgage lending, an exception is granted to those who lend THEIR OWN money. 

Do yourself a favor and look up the statute of frauds.

Selling the notes at par or borrowing at the par value assigning the note has collateral issues to the one lending to you taht need to be underwritten, professionally.Next, there are alot of folks who have money, read state statutes and decide that non-owner occupied (lending to landlords) meets commercial lending assumptions, that alone may not be true.