I would consider calling an attorney and having them draft a nasty letter.Out of curiosity have you read the deed of trust on the underlying loan taken subject-to?

Out of curiosity, are there no non-recourse loans out there for free and clear properties?

Luck comes to those who work hard and are persistent.For now I am concentrating on getting this thing to the rent market and once it rents I will put all my efforts into paying off the short term debt I have accrued to make it possible (with extra help from new rental cash flow).

With any collateral sale the amount that must be bid in is dependent on state law, usually the amounts owing that include; principal amounts, interest accrued to the date of notice, costs of collection, insurance due, taxes due and paid if any, attorney fees, servicing fees and admin directly related to that note, costs of safekkeeping the collateral, other fees and charges directly related to the adminstration of the note or collateral, even the postage for certified letters giving notice and publication expenses for the sale.All a lender is entitled to from the sale of collateral is the amounts necessary to make the lender whole again, to be fully indemnified from the transaction.

While from your own standpoint, you should pay the highest rates first, but having a higher rate is not a credit score issue, so to establish better scores, knock out the high balances first to get to one third and then work on the highest rates.You may think you pay a card down to 1/3 but if you go to exactly 1/3 each month you'll have accrued interest and the average amount due will then be above 1/3, so allow for accruals.

I have accrued some knowledge from the BP podcasts and forums but I know I need to work on networking since I am still a bit of an introvert.

I have called several times to verify the 2nd is not accruing any interest or penalties.To make a long story short, I would like to see if we can make an offer to pay off the 2nd for a lesser amount.

I'd like to see it too out of curiosity :)

Just out of curiosity, what home style I.e. one story ranch , tri level, cape cod etc. is your favorite to refurbish and why?

Late fees are currently accruing.