First of all, there is no such thing as to the proper structure of any seller financed transaction that can be stated as a percentage of a first or second, not only that, partial amounts can be sold off regardless of the number of notes.Another aspect, selling a first with a larger second behind it reduces risks associated with holding the first, the larger second acts as a guarantee for the first when the second is held by a holder who has the ability to take the first out.

Nothing to do with willing buyer willing seller  vis a vi what someone will buy and someone will sell for as in the dollar amount... conversely everyone on BP who is trying to buy at under 65% LTV or get the best deal possible would be consider a predatory buyer. ripping poor sellers off of their equity...

It lets the tenant pay with a credit card or debit card (for whatever reason a lot of younger folks with no financial sense don't have checking accounts now, but everything gets loaded onto their reusable Visa debit by cashing their paycheck at Wal-Mart).

I found the lien holder, explained him what happened, but he will not release the lien without paying him at least $100,000 even though we have nothing to do with it.

For example, you can get a list of homes in your area where the mortgage holder is at least 90 days behind on their mortgage, thus they are likely in or close to foreclosure.  

Nothing set in stone as they want to speak to my father directly since he is the loan holder (he is currently out of town for job training/orientation work).

Except as stated in subsection (m) and as otherwise provided by law, the defendant owner may redeem any real property sold under execution, special execution or order of sale, at any time within 12 months from the day of sale, for the amount paid by the current holder of the certificate of purchase, including expenses incurred by the holder of the certificate of purchase in accordance with subsection (d), together with interest at the rate provided for in subsection (e)(1) of K.S.A. 16-204, and amendments thereto, costs and taxes to the date of redemption.

But  lenders do not call in, in general, mortgage loans when mortgage holders do a wrap around sale...even though they all say due on sale.  

You chose to get into Wholesaling I hope it's because you have longer term goals to stay in the industry and turn into a fix and flipper or buy and holder and whatever else you want to do.

I'm really interested in understanding the power of "Other peoples money" I've been seeing and reading that there is NO shortage of money you just have to find it.When pitching to private lenders is it a smart path to present it to Self directed IRA holders..