In other words, they can't "launder" their title by washing it through a foreclosure and then redeeming and paying only the auction price.If the bank still owned the property, and there was a balance due on the note for after the foreclosure, the redeeming party would redeem from the bank and have to pay the full balance on the note, not just the auction bid price. 

There are companies that have property managers and then some who have opted to title these roles "portfolio managers" (managing one client's investment property portfolio perhaps), ranging from 50 to 200+ properties.

Would anyone in the Scranton/Wilkes-Barre area be able to kindly recommend a title and escrow company to me that handles assignment contracts ?

That being said I have decided that I'm going to start a property management company.Now as the title says where do most PMs fail.

And I can't believe I can't say I have the tax lien and am about to foreclose and would rather pay them then the courts if they aren't going to redeem and want to quit title.  

Schiano Do you realize if you do this yourself you will not be able to get title insurance?

Check with your title attorney too to see what they will accept in Arizona. 

You can't convey clear title to the buyer and there is the due on sale clause that may be called by the current lender.Getting at the $130-150K of equity will be challenging without selling the property outright.

If you are dealing directly with a homeowner you can search Google for a "Far Bar As Is" contract or your title company may have blank forms that they are willing to share. 

You are also going to have to quite the title which takes time and money.Thanks,Mike