But I learned that foreclosure there is not what it is in the US... its all judicial with the judge having a lot of power to cram down rates give borrower more time etc etc. 

The second could probably pursue some unsecured judicial avenue but that's a real pain.It just occurred to me, if the lender and borrower of the first collaborate by putting a incurable clause in the first, the borrower and first lender could scam a unwary second position lender by having them make a second with the first then foreclosing and wiping out the second.

Sometimes banks have motivation to get rid of properties that have become complicated foreclosures.

., is having a Judicial Tax Auction.I think it is scheduled for the Monday after Thanksgiving.Raymond

Is it more complicated than a regular wholesale?

Also you don't need to do X amount per week, your making it too complicated.

Hey Josh,Good question, but there's no right answer to the question :) It really depends on your family's situation, and I would think with children in the mix it gets exponentially more complicated...cleaning up properly, keeping power tools out of the way, keeping hazardous building materials away from them and out of precarious storage positions.Actually, my wife and I are under contract on a property where we're going to do just what you have described.

You guys are all making it too complicated.

Hi, if I sell a house on owner financing with a balloon, but the homeowner owns just 90-95% of the house (investor keeps the rest), will the bank have no problems loaning against the homeowner's equity share, or will this cause big complications?

It is a little more complicated than that and I am sure I missed some details.