The appraisal or BPO as well as the interests conveyed will establish the validity of the note.c.

Thanks Kieth for the mention and clarification as I should have discussed the filing in more detail together with the ability to convey title.

An estoppel letter is typically used in a transfer or conveyance of real property before the Closing transaction.It is a document sent to a bank (or other lender), from a homeowners' association (or condo association), to a city/municipality, or a tenant requesting a payoff of a mortgage, assessments or taxes due, or rental amounts due on a lease, to incorporate these amounts into the Settlement Statement for the buyer and seller of the real estate.

My biggest lessons could have never been conveyed that way.I believe that specialized real estate classes and seminars at your local REIA can teach you more in this field than college can.I'm not suggesting for you to blow off college, as you don't know if real estate is really for you.

As to buying notes in a CFD, I suggest you consider buying the property subject to the existing CFD Dion, this may cause note buyer to cringe, but the holder of that CFD needs to convey title.

As all wholesalers in the state of Washington know or should know, RCW 61.34 is the Distressed Homeowners Conveyance Act.  

California does not allow for the conveyance of property from one buyer to another to happen twice for the same property the same day.

So are you saying that I conveyed urgency on the post card?

Another example: during the recession, there were some metro areas that depreciated significantly, but within those metro areas were certain neighborhoods (often the A neighborhoods) that didn't depreciate at all--or that even appreciated.So, the macro data you typically encounter can be useful, but it often doesn't tell the whole story.To be a successful real estate investor, I need to understand my city like the back of my hand--with significantly more precision than what macro data would convey. 

I believe generally the consideration would be love and affection since I also believe all conveyances require consideration to be valid.