I am new here, and I just wanted to quickly introduce myself.A few things about me:I have lived in Nashville my entire life, aside from this last year, which I spent in Portland, Oregon.I am completely new to RE Investing, but I am very interested in multiple types of investing, and real estate is a priority.Real estate has always been around in my life — My mother has been a licensed real estate agent for nearly 20 years, and she now works at a prominent staging company here in Music City.I have some software/programming/web development experience, and graduated a programming bootcamp at the start of this year.I have always been success-minded, and right now I am focused on growing my knowledge of investment in both real estate and the cryptocurrency/stock markets, as well as diversifying my income in general.Feel free to drop a comment and say hi!

@Chet Mazur  Chet I grew up in Cupertino  just FYI  Hwy 280 was not built yet and Stevens creek and Hwy 9 ( now De Anza BLVD) were still gravel  :)It sounds like with the equity in this deal and the fact Trustor ( assuming CA instrument) is not responsive that a sale may very well happen and you will get paid off .Hopefully you bought the note for less than face value and you will make a tidy profit.Good luck with it.you can hit me off line if you want as well if there is any other things relating to this

Mortgages are the customary security instruments.

The police are better than me at getting music turned down and once police are involved, usually everybody starts getting along.

Think about this - When a bank offers a home buyer money to purchase a home and the deal goes thru, the bank turns that mortgage document into a copyrighted instrument as a derivative which they sell multiple times.

These institutional lenders are always in a third party situation, a seller /buyer and lender/borrower are not in that third party relationship.Use a Standard Deed Of Trust or Mortgage security instrument and ensure the note actually conforms to that security agreement, like "applications to  principal", "payments required" "insured losses" and "costs of collection".If you can't afford, or if your deal doesn't carry itself applying conventional financing requirements, then it's not a deal, even if it is seller financed!

If you do this a few times a year it creates a pretty good income until the music stops and you have earnest money at risk.

That’s music to my ears.When I went to meet with the seller and inspect the house, I found “needing some work” was an understatement.

We've also been able to hook up with a few investors from the Far East that've been instrumental to our growth.

The only concern is any debt instrument that may end up being used.