Which if true seems like ATR and full doc to me.Why wouldn't the bank or NPN note holder verify financial status prior to the then lender agreeing to a mod?  

An alternative to that is what's known as Checkbook IRA, with this structure a special purpose single member LLC is used that is owned by your IRA and managed by you, the account holder.

For the buy and holder with experience- this could be a great new year.

There is $8,000 in reserves.Few days away from putting my offer in if all checks out, offer will be .50 cents on the dollar, just waiting to hear back from one of the main investment holders in the neighborhood.

Mortgage is minimal ~90K, house worth low 300K.I proposed buying out the mortgage instead and ensuring I was 1st lien holder. 

In other words, @John Harding - your friend is delinquent in payments and the note holder has put those notes up for sale?

There are a select few professional investment specialist who can help in a space with 60,000+ license holders, (all who claim to be able to help investors) so finding the right one is a challenge.

If the HOA forecloses on the property I'd imagine it wouldn't be fun for the senior lien holder either.

Bezos would be more the type of person try to change things in the place he picks instead of avoiding this many places.It should be noted his family is one of the largest land holders in Texas. 

Vis a vi the Japanese tenant...