At the sale the deed is sold to the highest bidder free and clear of everything.

.- Owners of free-and-clear properties.- Owners of properties with expired listings.- Owners of properties with code violations.- Owners who live out of stateThe list that you choose will be targeted according to the types of properties you want to acquire, and your marketing message will be targeted to the types of prospects you are mailing to.

An investor I work with sends out hundreds of letters to people on lists such as out of town landlords and free and clear owners.

Please do tell us some more about your interest in real estate investing, and perhaps we can try to guide you down a clear path to success.Good luck!

I've been studying some documents for the past several hours as Dan suggested, and even though they are very redundant as far as the wording...it is not clear to me what each one is representing (only a handful do I understand), and why it was filed.

It was clear to me that she was disgruntled, but not yet ready to throw in the towel.

This would pay off the 3rd in a little over 2 years ....Doing this about 6 times would give me a small handful of properties I would own free and clear over the course of about 10 years.

I know leverage is the key to making money, but my other goals in buying investment property are:1) minimize transaction costs2) being able to close quickly to get preference when buying REO's.Currently own my house free and clear.

I looked at one REO where it was pretty clear that had been happening.

After that period ends, and the tenant moves out, you're stuck with the real expenses and the losses become clear.