In the RE context the note is normally secured by collateral that is RE.Buying and selling notes if both a niche business and a big business.

There have been some comments I have read on forums about lenders stating that they will reconvey the security instrument only - and consider the note still collectible for the unpaid balance.

Got tired of playing landlord, and realized the big money takes too long to get, so I started up a new style of investing.My background is really in programming, more specifically web based application programming with databases.

That said there is little that is new and most info that you need can be found for free if you search this site and the greater web, if you check the library and read for free at bookstores.

That may have been a mistake; they perhaps should have done the standard screw-the-landlord procedure and kept the last month against the security deposit, but they were naive and assumed it would be returned...

Accordingly, property management activities that require a real estate license include: showing a unit for sale or lease, negotiating lease or real estate contract terms, maintaining security deposits, rent payments or earnest money deposits.Still searching for Missouri information.

The problem is tha every "builder's" contract I've ever seen was so one sided with out clauses for the seller that it may be tough.Lesson, if a deal cannot be secured for $1,000 or less, walk/run away.all cash

I'm with Mike---if you are going to put up a sizeable earnest deposit, make sure that your ducks are in a row first (i.e. financing)---if the REO bank does except your low ball offer, it will most likely be without the contigency to secure financing (in other words, can't finance it, thanks for the 10K).

can someone please clarify exactly how to secure a property with my name on the title that i am investing in--i am providing the capital for rehab, we have a contract for sale to end buyer--i want to collateralize my capital with the property--there are no other liens on it-- how do i do this?

My goal is to secure a listing on the property.