Also, I'm curious about how these deals usually work.

Account ClosedYou can usually find out the estimated amount they own on the mortgage - if you want.

Do you usually find that portfolio loans are mostly provided by smaller local lenders (i.e. community banks) as opposed to regional or larger banks?

It all depends on what terms he is offering (seller financing is usually amortized over a shorter period with a higher interest rate).  

Do your research and make a good business decision based off of that and hopefully build a strong business model for the future.I rarely have a keyboard in front of me and usually do short replies on my phone.  

For the most part, when we go to court for an eviction we usually get a judgment.

I know that every situation is different regarding who the borrower is and the foreclosure regulations regarding the location, but I was wondering how often it happens and how the process usually pans out when purchasing a non performing note (whether a failed loan modification or initial purpose for foreclosure) and issuing a foreclosure.

On the subject of non performing notes, When discussing and implementing a loan modification with the borrower, are there usually state laws or regulations (In general and/or at all) that come into play and how much do they affect loan modifications or if at all?

Usually its a 1 page basic contract just to get control of the property.)3: Someone will!

But that strategy usually involves some sort of rehab/repositioning.