@Robert Spears because its not a "hack" but taking advantage of a great Company's outstanding customer service.

All of my notes were done with re-purchase agreements.Another way is through the loan servicing agreement, it allows for the assignment of the note and deed of trust in the event of default and the servicer carries out foreclosure or acquires the collateral, sells the collateral and pays the par amount outstanding.

so they search the current owner for liens and don't go back in the "chain of title" to search if there are outstanding, unsatified liens from former owners. 3.

In a perfect world, the judge will make the bank sell you the house at a short sale at the 45k price you paid at the auction.A short sale, IMO, would be much better for you as it eliminates the need to check any outstanding liens and the bank would also have to pay you prorated taxes (even though that probably won't make much difference given the guesstimated taxes on a 70k house).But if I were you, I'd petition to the judge that you should be entitled to buy the house at 45k number given all the run around this bank has given you and the fact thats the price you got it at the auction for.I'm not suggesting you demand it.

You don't want to be surprised by a outstanding lien or mortgage on the property, a title search will help you vet this out. 

I I dont mind funding with ground rent outstanding its always such a small sum .. but I just got referred to a BRRR investor that had 4 homes in Balt city ready to close and the lender pulled out last second.. so they called me :) AS the closing attorney knows I will do these deals.

Know lots of Salt Lake investor realtors, but he's outstanding.

At that point you would be required to make the interest payments each month based on the outstanding balance. 

The cost for having the property vacant for two months in a year is outstanding, unless you have 15-20% projected vacancy in your property.  

The interest rate this year was 11% and if the account owner doesn't pay for the following year you get the first opportunity to purchase those outstanding taxes as well (also at 11%).