1)Does it only affect the proceeds that would have gone to the owner after fulfilling the current mortgage?

Keep in mind, escrow agents exist to fulfill the contractual agreement for all parties.  

You need to partner with people who will fulfill a specific role.Since you have management skills and vast experience as well as Capital, you bring a lot to the table.

The only thing that matters is moving forward towards a goal that fulfills your needs and will ultimately make you happy. 

Hello All, My name is Abel, and I am a current part time college student residing in New York.While many (including some of my family members) have suggested to me that I should wait until I finish school and get a career before investing, I believe that there is a way to get started without having to wait a couple of more years to fulfill my dreams and career goals.

Your construction experience and dedication to learning will serve you well in real estate.Wishing you all the best as you venture into this fulfilling path!

Figure out how to add value or fulfill a need that an investor has.5.)

., until the judgment is fulfilled.  

., then they have a contractual obligation to fulfill.

Keep in mind the amount of equity that comes along with it:This is absolutely what I love most about DIY (that sense of personal fulfillment/accomplishment).