The borrower has three (3) days to provide the delinquent payments or the court will order a writ of seizure and sale and the property will be sold after proper notice has been advertised for thirty (30) days.

For a proper assignment you will, for one thing, need to recite the subject property and that lien being assigned, I have never seen a draft big enough....LOLThe lien holder will have to execute the assignment agreement and endorse the instrument representing the lien, like a note.Some liens can be acquired by law, like a tax lien or paying a materials lien depending on state law.

Getting the utilities in-line was a challenge, but we did a lot of work on tightening the place up, installing high-efficiency HVACs (one per floor), etc.

There are no appliances inside until we get a tenant and the outside AC compressor is being installed (today) with a steel security cage anchored to some concrete piers.

Are you confident that the firm will structure the offering properly to be both legally compliant and marketable?

They both create and install signs, and since this listing is farther away then I would generally take, I decided to utilize both services and save myself a drive.Well... each time I called them, they knew exactly who I was before I said who I was, and had already processed requests I'd sent just minutes before.Don't get me wrong...

The starting bid is in line with the proper value of the property.

Next you either wholesale it which involves marketing, finding buyers, closing...all while trying to make a modest profit.Or you could rehab and resell it which involves properly setting your budget, knowing the market to determine exact repairs/finishes to make, lining up contractors, managing your budget, managing your contractors, managing your schedule to minimize your holding costs, finding an end buyer, with 100+ other tasks mixed in.Your comment about planning is dead on.

Moved to proper forum.I think you mean that his parents actually own the home (i.e., are the "grantee" on the deed) and have a mortgage on it.

There are other low income programs available and HUD has a lease-option program but it may be on a back burner now, but that has to go through your local Public Housing Authority or Section 8 Administrator.Do not use Sec 8 on your own to do any installment deals!