The O.C.P. buys a contract...and the contract is nothing more than the right to buy the property if the holder of the option decides to do so.Simply put, the O.C.P. does nothing more than buy the option...which is the right to buy the house. 

In my area even if a housing authority doesn’t have enough budget to “absorbe” the recipient holder, they usually agree to all them to port and administer their process, as long as the housing authority they port from will carry the budget and reimburse the new HA.

Before reading your post, I spoke with them as they are used to doing Subject To deals and they said that the policy holder would switch to my entity name with the mortgagor's name as secondary - I am interested to see what their feedback is with your suggestion -- as your approach seems to send less "red flags".

Something about since he's only a Trustee, and not the actual Trust holder, that there seems to be the confusion.

It has no bearing on what price the lender will agree to.Points to know....First, use an Experienced short sale Buyers agent....there are just to many things to look out for in a short sale.Find out how many mtgs/liens are on the property....many times a buyer has to pony up extra money to satisfy a junior lien holder, above what the first lender will offer them.Assuming all paperwork’s has been submitted, expect 30-60 days for bank to do a bpo and accept=counter your offer.Submit a gc repair estimate with your purchase agreement.If the comps are $200k, you’ll never get it for $80k unless there is a serious documental $100k problem with the property.

Only the liens listed in the Foreclosure case are wiped clean.If you read the Foreclosure case's "Preliminary Judicial Report" you'll be much more educated about the home loan and can better guess what is owed to the primary lien holder. 

Not many lenders out there allowing a second mortgage position behind their first position on a non-performing asset or even a performing asset because if the borrower defaults on the second position then the holder of the second can start foreclosure proceedings on the property and it gets very messy for the the first position holder.

I had offered a suggestion on a 'Visa' gift card due to its flexibility in spending locations, but I still feel like there is no 'character and personality' in that gift.What are some your suggestions or gifts of thanks that you have given or done in the past with some of your clients and customers?

I had an agent friend trying to buy an REO, got stalled by “title problems” no timeline to cure......a quick search of the foreclosure file showed they forgot to name a junior mtg in the foreclosure...they were going back into court to vacate the foreclosure, start again naming the junior mtg holder, yada yada.....6 months minimum.

finding quality property with quality tenants is as important as timing the market.. timing the market is more important if your going to flip .. but for long term buy and hold  your not going to sell if the market retreats alittle becuse your a long term buy and holder.. market flucuations should not concern you.its all about rent.. and stablity of tenants as i said..