People will spend 100k and eight years of their life on a degree and never spend 1 week and $50 learning how to plant food that the earth will grow for you for free.

We just went to a nice mexican food place.

If he would have just mentioned guns, ammo, food, and water, I would have given it an A+.Mike

or would he 2nd mortgage holder require the 1st to take a haircut as well?

an owner called me, his house is about to be foreclosed on (tax lien holder filed for foreclosure rights of redemption). the property is paid off but needs a lot of work.does the seller has to file any papers in the courthouse once the property is under the contract (to stop/delay the foreclosure process)?

It's a short sale and they've got 30 days to get the lien holder approval (they actually advertised it as pre-negotiated, but wanted 90 days for this).In the meantime, I want to keep searching and making offers on properties.My Realtor doesn't seem to be inclined to make official low ball offers - his reasoning is that it's "insulting" to the seller's agent and wastes everyone's time.

Their brochure holders are always empty, the properties are NEVER advertised, and the list goes on.

Steve, I did find out that if there were other outstanding liens before the sale the lien holders have the right to replace the liens on the property once the debt has been cleared.

Just food for thought.

Doing so under those circumstances carried criminal penalties.Another aspect of filing a bogus mortgage is imputed interest rates for the holder if they are too low or interest income and if not recognized becomes a tax evaision issue.Lastly, if you use a deed of trust, with a grantor, grantee and trustee where the provisions of the trust and obligation are made between related parties or the same entity, it may be easily established that the filing was done for some other purpose other than that recited in those instruments and found to be a sham transaction.