Until it is recorded the city is still going to show the old owner as of record.Part of the foreclosure process does require advertisement in the local paper a certain number of time before the actual sale.If the notice gave a court docket number you can look at the case at the land court in Boston and see who the attorney is and try to contact them about purchasing or purchasing when the actual sale is (without looking at the actual ad, this may be the first step before the foreclosure is scheduled in which case there will be additional notices)Not sure if there is a law library in New Bedford at the court but if so they might be able to provide some additional information regarding how a foreclosure works in MA.

well assuming it meets the QM rules for owner occ.. etc.the scenario you presented is not a very attractive note unless the discount was HUGEPV is what investor look at.... what rate of return they want and in notes its usually 8 to 12% APR but with 100% leverage most investors will only pay on face value about 60 to 70% LTV ... so right off the top you would be taking a substantial hair cut.No secret what your trying to do.. but I surmise you will very quickly realize its not realistic .. the discount would be such that it makes it a no go.If your thinking someone will lock up their money for 10 years at 5% well thats not going to happen especially at 100% LTV... 

You learned your lesson.She is brave to push you like that when you have more power in this relationship in the long run.Put some sod in, do the math on that.Even if it is only a small patch of sod, it could meet the definition described in the email.  

I always hear about meeting local investors but I'm not quite sure how to take that next step, or if I even should.

@MikeYoung are you going to any of our local Real Estate Investors meetings?

You may need to buy 2-3 homes commercially to meet their minimum loan size criteria depending on the bank.

See if there is a local meet up and start networking among investors.  

Also network as much as you can to meet new people who are actively doing what you want to get into.

It doesn't quite meet the 50% rule but I'm paying it off in 15 years instead of 30 and I could always re-fi or get a HELOC to get some of my cash out if a major expense like a roof or something popped up. 

BP has lots of information on that, but also go to Meetup.com and search for "Real Estate Investing" in Tampa, there are lots of groups that meet all the time.