(Fingers crossed for a unconventional BRRRR) -What legal obstacles are we looking at regarding the securities aspect?

Talking about pointing fingers!!!

Since the US tax system is progressive, everyone wants to get down in the lower level of taxation, writing off that $50k or so per year will lower your AGI just enough so you won't get hit with AMT and lose those deductions just because you're considered "rich" at 250k per year :)Second, it only makes sense if your mortgage + ownership costs (tax, insurance etc) are as close as possible (or lower) to your rent AND you bought in an area that you cross your fingers and hope it will appreciate significantly in next few years.

Buying something and crossing your fingers hoping it will appreciate is pure speculation.

The foreclosure procedure appears to have been made some time ago, under federal law, any borrower must be given notice, regardless as to what may have been agreed, IMO.If you have a NPN first, simply include the balance of the second, if you hold the second, better cross your fingers and pray, but I can't see you holding a housing development note either.Call the development office, they should tell you how they view the lien and your position, it's best to clear the air than to speculate, but I wouldn't have an issue with that mortgage.

I also think if i let this slip through my fingers and hit the market it will be snatched up very quick!

When you can tell that a stove it too hot to touch by another guy burning his fingers you're way ahead of the game.10.

Too many chances for finger pointing.

I'm just going to keep my fingers crossed I will either be able to make next year or that recordings will become available at the last minute :)

I invested in something without the knowledge I needed so I didn't point fingers elsewhere when things went south.