And should I also be the "first" mortgage holder on the mortgage in the event the Borrower defaulted or there was a bankruptcy?

There are numerous risks that those flipping houses face, that buy and holders do not, most obviously market risk (cycles) and time/delay pressure, but also people management (contractors) etc.

.- Provided the holder of that loan is willing to sell and the investor is willing to pay the price.  

In the past, I have had section 8 tenants and they never gave me issues, the state of Florida is a great rental state thus must section 8 voucher holders do not want to risk their voucher.

I am trying to find the current note holder of an abandoned property in an effort to see who is keeping the mortgage current but not maintaining the property.

(e) Sells or offers to sell, buys or offers to buy, or exchanges or offers to exchange a real property sales contract, or a promissory note secured directly or collaterally by a lien on real property or on a business opportunity, and performs services for the holders thereof."

There is some time pressure, for me and for the lien holder, because the home is currently in foreclosure.My Questions:How can I go about getting these liens removed?

Location really matters for long term buy and holders the most.

If the investor is paying cash and can cure the deficiency and bring the loan out of foreclosure status obviously w/ room to do the deal like any other then would there be any problems from the lien holder?

Keri(holder and rehabber in Ypsilanti, MI)