If redemption during the second twelve months, you will receive your principal plus 50%.After 2 years the right of redemption expires and you should be able to obtain title insurance on the property, IF all lien holders were properly notified by the legal firm representing the taxing authorities, and if the tax lien foreclosed on was senior to all other liens.

The second lien holders won't give this poor investor the time of day unless he has some documented ownership or role in the property.  

Insurable title means the title insurance will step in after the closing and defend the buyer but only if any of the lien or judgment holders actually step forward and levy the claim against the real property.

For the last few years, 40% of all purchases in USA have been international buyers.In order to take a loan, most of the banks would want you to have 2 years work experience  in USA, have a work visa, SS # and a credit score of at least 660.

Plus you don't know if it factors in other factors that would be useful to an REI such as inheritances, if they took out the extremes that would further more distort the median such as really, really, really expensive houses, and visa-versa, people who own multiple properties, and others...

The note holder enters the default amount, P+I+costs of collection+allowable fees and that is usually the amount to beat by any bids.

Like someone posted in here, Bigger Pockets, about PML's one needs to get to know them build trust etc, this person who says he is Angel Investor didn't get to know me (and Visa Versa) so yes I am concerned, very concerned.

I guess if you just basically stole the property when you bought it theoretically a second lender could cash out refi you and take the first position lien holder.....

We think it is better to have holes in the wall than cement dust everywhere so we are leaving it as it is.Plumbing works fine except for the one time when the plumber accidentally drilled through one of his lines while installing a toilet-paper holder.

Made no offer yet Asking $ 4,500,000 DN $ 1,850,000 to mortgage holder assume $ 2,650,000 note at 5.95% / 30 term ballon due 2012 GOI $ 498,432.00 NOE $ 200,373.00 = 41.5% +/- GOI NOI of $291,843.00 less sellers dept service of $ 162,108 $ 13,509 pr/mon Cash flow $ 129,735.00 or $10,811.25 There is on site laundry, rents are below market, rec.hall,shuffleboard and more.