However they are not near as simple, easy, lucrrative or risk free as promotors imply.

That's why court-confirmed sales generally require deposit make payable to PR, not escrow.Closing escrow implies satisfaction and completion of the terms of the transaction.

As the name implies it lets you buy "parts" of a note.

As I have said on many-a-conference call with a prospect's current "SEO expert", when they tell me or imply that they know how it works, I ask them to send me the Google source code so I can see for myself. 

You are implying that wholesaling be regulated and hold them to certain ethics.

I am a real estate lawyer, title company owner, realtor trainer, serial entrepreneur, active investor and hard money lender seeking interesting opportunities in Florida.  

We hired Beth Azor, a retail canvassing trainer from Florida, who traveled up to Boston to teach a seminar to teach 25 of the area's best retail leasing reps (both landlords and brokers).

It does sort of imply that fraud always occurs in A-B B-C transactions.

.  ;-)  But seriously, some people 'round these parts think of being told they're from "upstate" as a pejorative since it implies that the City is the real part of the State.

@Shal Patel,The title of your thread/question, and the first two replies by BP friends, all imply that you would want to pay off the residence or rental mortgages early.