I have a client who lost his job. He was homeless for about 10 years and has been able to maintain his home for some time. No, he has fallen on hard times and doesn't want to lose his home. If you know anyone interest...

Most buy and hold-ers don’t do this.Your other option is to sell, get out for a bit of a profit, and re-invest into other options (single family, multifamily, apt buildings, etc).

Best regards, if note pays off early who ever orders payoff demand is going to have pulled title they will see your assignment and then will contact that bene and order a payoff.. they get their money you get the delta.. as your in second position basically.Now this is were it can get tricky if fraudsters get in this and don't record the assignments and the note holder who borrowed against it does not pay of  the underlying..

From a logic standpoint ( I know banks seldom use logic) they could sell to me for even 10 cents on the dollar or get nothing as all of the proceeds may get eaten up by the first lien holder.

It will cost more to setup, but will save money over time as well as providing much greater control and flexibility to you as the account holder.

Zillow will probably follow the same strategy since they have to think in terms of high quantities to make share holders any money.

It might also look better mathematically to do a traditional cash out refi and and pay off current 1st position lien holder and take the cash for what you need.

The issue with TK is that when you only cash flow $100-200 per month you are inherently putting yourself in a financial strain in the event something goes wrong.Being able to only net $1,000-2,000/ a year is making everyone else wealthy except the actual investor/risk holder.

(We do not give tax, legal, or investment advice; you, the account holder, make the investment and strategy decisions.) 

Not exactly companies where the share holders did not do well in their disappearance.Also 17 years on average for a stock to recover after a crash?