Rick H. the stay applies to the collection of the original debt against the debtor personally and never expires absent the debt falling into a nondischargeable category (taxes, child support fraud etc.). 109g are limits for repeat filers so they cant use bankruptcy to play games with mortgage holders.

As a buy and holder, the info you provided is helpful, but I also need to know the price, the rent comps, and the age.  

It will take a long time and talking to a lot of people to make direct contact with a note-holder willing to sell.  

Whatever condition the note holder anticipates the property to be in it will be much worse6.  

Collateral is the security pledged for a note that is evidence of a debt created.The "maker" of a note is the borrower, they make the promise to pay a certain sum to the note holder or lender.

. - speaks of the problems Section 8 voucher holders are having finding landlords in Durham who will take Section 8.

There are projects out there that do not require accredited status with returns similar to what you're looking at. and we are seeing conservative investors making that exact move as a place holder for their real estate dollars until a market correction and subsequent turnaround.The difference between this and a CRT is that once you go the CRT route that is forever.  

Can you pay the mortgage directly from the LLC or does the mortgage holder always have to pay directly from their account?

So, if the lender was forced to foreclose it would have to pay off the first lien holders, then go through the expense of actually foreclosing and disposing off the properties which would cost much more then 25k. 

Note holders have probably purchased NPNs and got this, but they are pros.