Now what?

Its hard to find a good deal in Grand Rapids right now, but when you do, don't delay.

This will allow you to purchase properties with your HELOC and have the ability to access the equity quickly to pay off the HELOC.

I Thought you had to have the tax deed before you could access the property?  

And you mentioned it's zoned residential, well a camp site is not a residential use, so now we have zoning to get through for use variance maybe. 

Right now I see a good amount of NPN's that were originated at 3-5% interest rates and are like 6 months behind.

Won't that make his payment actually go up by reducing the value of the home which is now on 1/2 the land it used to be?

Taking out the costs for now (lets assume that the finances all make sense, etc.), my question is really around process.

As I said, in my initial response, my best guess is that they refuse to pay right now because it does not yet affect title.

Buyer's agent could/should also negotiate a seller credit that makes the offer $100k, with $3k credit for buyer agent compensation, again resulting in a seller net of $94k.But now buyer has the opportunity to agree with their agent that the rate should be 2%, or a flat fee of $2k, and the buyer then pockets that savings.