How does the already deep in debt CA afford to tack on $50 BILLION in debt service?

MYTH: transferring debt to heloc will pay Debt off soonerBUSTED!

The idea is to convert a multi-family building into condos; but not in the traditional sense where you separate pre-existing apartments into their own condos; but in a way where you combine the common areas of all of the apartments in that whole building, and turn the individual rooms within those apartments into condos themselves; thus transforming the hallways, kitchens, bathrooms, living rooms, dining rooms, porches, balconies into common areas of the condos. 

You can't get "clear title" until all leans are cleared, whichever way that happens SOMETIMES, but not frequently, the 1st and 2nd will combine and both will be included in the auction.

For instance, if there was a total of $250K of debt on those properties that woud leave you with $350K of proceeds to use to purchase $600K of real estate.  

Even if a title company were to manage the setup making sure all parties are paid, the cheap debt and cash flow would not be enough to be enticing to any investor even if midterm rental could yield a healthy return. 

Refinance into a debt service loan.

Partner Driven’s expertise in market timing, combined with Archie’s local insight, ensured a fast and efficient transaction.

Eliminate debt, establish a budget, and save.

Eliminate debt, establish a budget, and save.