I would do my own research the property and see what the tax bill owed is, the redemption rights and determine if the net price to buy out the holder of the tax certificate and the home owner and rehab and sales cost is significantly below the FMV then it could possibly worth it.Remember, the investment company has an interest in the property to the extent of the tax certificate and interest.  

The nice thing about this type of deal is that the lender who loaned the person the money to buy the house from me shouldn't care because the lien doesn't represent a current financial obligation to the loan holder - the note only becomes due when the property is sold, and there will always be enough money to repay the loan (unless the property were sold for some amount below $535K, which could be dealt with by saying there is no appreciation split at all (actually depreciation split) below $535K).

Pretty much anything they sell at Family Dollar a tenant should be able to install themselves; e.g. blinds, a toilet seat, towel hanger, toilet roll holder if it is not present and they wanted to.

The chances of you contacting every lien holder, negotiating a huge discount, and successfully getting all those docs into escrow is very small.

FDIC insurance goes with that account holder, then you can have joint accounts.Then you need your personal account, never pay personal needs from your business account or the other way around, it can mess you up in an audit.

At this time, this is all family members that I am approaching.1. second lien holder on my primary residence in return for $80-$100k loan at about 7%.

First, this obviously is a foreclosure by the HOA.It appears the first mortgage holder got a judgment for$1.2M, but it may not have gone to auction on that judgement yet.

(We're not discussing seller financing, below market financing or assumable financing here, that's a whole another discussion vis-a-vis the relationship of value to below market financing.)What the Professor is saying is that real estate values have NOT increased in "real dollar", when you exclude inflation from that equation.Once upon a time, a long time ago in a distant land, the distance measured in a few miles, before the current real estate crash; I discovered several pockets of real estate that were somewhat isolated from market fluctuations in value.

If the bid exceeds the total due on the HELOC, then excess proceeds will be delivered to the lien holders in succession.

IOW, they just raid the public records looking for any mortgage holder and pitch their useless BS.