In a judicial setting, the Mortgagee will have to provide reasons for the acceleration.  

Once upon a time, les minutes du notaire (Lawyers notes/minutes/files) were only sent to the protonotaire of the judicial district when the notary retired.

If you have the deed in addition to the contract you can record it after doing your research to make sure the seller doesn't get cold feet and run to another investor prior to money changing hands at the formal closing.

@Brandon Turner do you have some type of formal activity log so you can be kept in the loop of what's going on?

But, unfortunately, Jon had a family emergency and wasn't able to attend the Summit, so I thought I would put this up here.This is a video I made a while back -- it wasn't intended a formal tutorial, in fact I was just testing out some educational video creation software and through this together to see how the software worked.

You should first be trying how to use your money while conserving your money, first thing you need to understand is how to keep money, not spend it.You also have enough money for professional advice by someone who has greater insight to your situation than we will ever know in a forum.If you want to get into RE, begin by learning RE, not the investing stuff spoken of here, but formal real estate knowledge that most here still don't know.Then inform your advisor that RE is to be your focal point or to what ever extent of your portfolio to invest.

As a business owner who didn't have any formal retirement plan or some large corporation matching in a 401k, the strategy was up to us.

The PAL agent can really give you all the info about the encumbrances on the property and what liens stay and what are extinguished.Pretty much if it’s not a judicial sale you’ll owe senior liens like mortgages - so you’ve got to look out and make sure that the property your buying is actually being foreclosed by IRS or you’ll be responsible for paying the senior encumbrance and the senior can foreclose on you after your redemption period.

This is why with apartments I do not get landlord agreements with the power companies.The tenants will call the power company and lie and say they are moving to another address.The power company then transfers to you the landlord and a few months later you get a huge bill.I would just pay the 30.00 turn on fee if I needed to work in the unit to get ready for re-rental.Much better that way and the tenant can't run their scam that way.I did catch another tenant of mine (section 8)plugging into a vacant unit next door on the outside plug.I had power turned on as I was working on that unit.I unplugged the first time and they kept doing it so I took a picture with time and date and called the cops.Made an incident report but not a formal charge.Police politely told the tenant you can't do that ( I wasn't there when he explained to them) and that if it happened again they would have some new arm bracelets to wear.They didn't do it after that.The cop said I could have filed charges instead of incidence report but that he thought a warning was best versus arresting them and then they get mad and do damage to the unit.He said if it happened again maybe go the other route.I kept the documentation and pictures to show the character of this tenant in case they tried to make any claims or lawsuits down the road etc.I have had my fill of low income tenants.Too much drama there.It's not usually worth the extra few percent annually when you account for everything.

Sheila, I agree with most points you make, but in my personal experience I've never seen a "guru" put down formal education.