Yes, the good part is that I went to several meetings this month and I've just been in this game for 2 months trying to network and find a mentor to guide me through the ropes.

I'm kind of late to the party but would love to join you all for the next meet up! 

Typically. the party that initiates foreclosure has a mortgage that is in first position and takes priority over all other liens on the property (except for liens related to property taxes).

There will almost certainly be third party bidders that will bid and drive the winning bid up, since there is so much equity in the home.Once the auction triggered by the senior lien is over the winner walks away as the owner of the property with a trustees deed.

Hello Community:I attended a dinner party over the weekend and three of the couples who attended are currently looking to buy homes in the North Park area of Irvine, CA.  

Concerts, parties, etc..

Having said that, I still prefer the standard contract as it conforms to state law, and is designed to be fair to both parties, and covers a lot of the "what ifs" that can occur.  

As an unlicensed party to a transaction :)

I just use one LLC for all of mine.You will have an additonal schedule on your personal tax return for the LLC and the properties but it will still be with your personal return.As far as the deed goes, not sure of the process in your state but you can just have the deeded party changed in a simple process and its not that big of a deal/expense.Your accountant can set up the LLC for you or you most likely can do it yourself online through your state web site.The added schedule on your tax return still files with your tax return and will not change your income for the year.Taxes will still be sent to the same address they have been coming to unless you change that, they will be in the name of your LLC not you/your wife's names.

I feel that I'm arriving a little late to the BP party, but better late than never, right?