This is not to say that an atttorney could not investigate and track down the owner, etc, but it would take many, many hours at $300-$400 per hour which will add up to thousands of dollars for the party wanting to find out the owner of a property held in a land trust.As far as getting "ratted out", their is a process/procedure to choosing your Trustee, and even if the trustee was looking to "screw you", there are many safeguards in place to prevent that.

What I like about this little system here is the procedures in this for your outsourced management work just as well for employeed management.Beachbum - you're right but it's not my call to make the complaint and the owners are considering the economic value of fighting every fight.....

In such cases, this power, which is given to the lender to sell the property, can be executed either by the lender, their representative or a trustee.Power of sale California foreclosure guidelinesIn the case of the deed containing the power of sale clause that specifies the time, place and term of sale, the procedure has to be followed at the specified time and place.

Not sure if this is the right place to be posting this.I am looking for the legal procedures of purchasing and liquidating Commercial Foreclosures.

MASS MARKETING AT ITS FINEST!!!

If you do it on an ongoing procedure than you will build a safety net into your plans.

Yes, thanks Dan.Sorry about my wrong wording....I'm trying to find the do-it-yourself step by step procedure of writing these things up, and the step by step procedure of when to notarize, when to record...etc., etc.

> Lease Orientation DVDYou can easily create a PowerPoint Presentation going over each paragraph of your lease and house rules, as well as general procedures such as maintenance requests, trash pickup, definition of "Emergency", proper use of disposals and toilets, and whatever else your tenants frquently have problems with.

PS: Post back and let me know how it goes...PPS: I used this exact procedure to build a monster D&B commercial credit rating for an LLC I needed to do REI.

;`(C) be completed by an appraiser who meets the competency requirements of the Uniform Standards of Professional Appraisal Practice;`(D) be wholly consistent with the appraisal standards, practices, and procedures under section 202(e) of this Act that apply to all loans insured under this Act; and`(E) comply with the requirements of subsection (g) of this section (relating to appraisal independence).`(9) DOCUMENTATION AND VERIFICATION OF INCOME- In complying with the FHA underwriting requirements under the HOPE for Homeowners Program under this section, the mortgagee under the mortgage shall document and verify the income of the mortgagor by procuring an Internal Revenue Service transcript of the income tax returns of the mortgagor for the 2 most recent years for which the filing deadline for such years has passed and by any other method, in accordance with procedures and standards that the Board or the Secretary shall establish.`(10) MORTGAGE FRAUD- The mortgagor shall not have been convicted under any provision of Federal or State law for fraud, including mortgage fraud.`(11) PRIMARY RESIDENCE- The mortgagor shall provide documentation satisfactory in the determination of the Secretary to prove that the residence covered by the mortgage to be insured under this section is occupied by the mortgagor as the primary residence of the mortgagor, and that such residence is the only residence in which the mortgagor has any present ownership interest.