In the terms of the deal it stats "Paper Transfer" I think I know what that means but I was hoping that someone here might be able to give me a better definition ?

Expect the government to fund the lawsuit.Forget the simple view of being an owner.Real estate is a bundle of rights.

Hence a simple check of the county records will not show if there are back property taxes for an older person on the program.

Still searching for an answer.It is the same way here in Alabama.GA and AL are mostly Power-of-Sale states.They do not FILE Notices-of-Default.It is done by publication.In my town they put it in the legal section of the regular newspaper.But (Fulton County) Atlanta has a legal publication called the Daily Report you can subscribe to (I am guessing it is because it would be too big for the paper).

Even with his help, it would take at least a year (probably two) to get something set up that would allow me to pool non-acredited investors.If you stick with acredited investors or, better yet, sophisticated investors, you can get going faster since the SEC assumes that those investors know enough to protect themselves.As John pointed out, if I go that route, don't expect to hear much from me about it.Aside from all the set up, there is a lot of paper that needs to be generated, stored. reported and audited just to prove that you aren't cheating a 90 year old alzheimers patient out of her life's savings.

Since just about every seller is completely unfamiliar with real estate, and their agent isn't really offering them any advice save lowering the sale price and having lots of open houses with pies baking in the oven (not a terrible idea in and of itself- just not helpful by itself in this market) it's up to YOU to help.What kind of response to you think you could get if you ran a simple ad that read: Sell Your House As-Is for a Fair Price on the Date of Your Choice?

The simple answer to your question is yes.

I'm also interested in learning more about notes, paper and tax liens.I'm looking forward to chatting with you all.Best,Ben Reese

As you likely understand keeping control is important while still staying on the right side of the law.It is a simple single page contract.

There are also legal issues in that certain changes to a loan could trigger a chance in the liens position (some modifications are in effect treated as a new loan so the recording date moves).The trusts who are holding paper that has lost significant value (mark to market pricing) will be only too willing to agree changes in the trust provisions if the change will significantly improve the value of the asset.