Networking face to face is very valuable.Best wishes,Keri (flipper and holder in Ypsilanti)

What I'd do is to buy the property seller financed with a short balloon and then sell it to my buyer with the note holder accepting a new note from that buyer as payoff.

I'm a buy and holder for cash flow myself.

I would highly advise anyone seeking a reputable contractor to request pertinent information from the contractor : Copy of General Liability (you can even have it setup for you to be the Certificate Holder), Ohio Workers Compensation, City Registration where the work is being performed, warranty information, contract, defined scope of work, W-9, references client and professional).

Now the 2 note holders are "tired" (I quote) and want out for 2/3 of the balance (44k).Numbers: - Appx balance 65k- originally financed 68.6 @ 6% for 30 yrs, 27 years left- FMV 75-85 (I am being very conservative), back when the house was sold the RE market was strong.- PI Payment is $411, current.- The property is within 45 minute drive from me.Noteholder assures the borrower doesn't miss a payment, although his credit is bad (alas the owner financing).

Hello All,I am first mortgage holder for a house on E. 111th St., Cleveland and another house on E. 4th St., Dayton.

They facilitate transactions between SPECIFIC  types of buyers which are fix and flippers and buy and holders.

Last week a cash buyer made an offer above mine but stated they want to see my contract because I am not the current title holder.

Originally posted by "FloridaREOagent":banks have a legal obligation to refund to the original homeowner all excess proceeds from the actual foreclosure auction (after paying off any junior lien holders).And yes, in every state that I'm aware of, the previous mortgagor would be entitled to the surplus proceeds from the foreclosure auction.For Clarification,the original homeowner is entitled to surplus proceeds from the Foreclosure Auction, not the sale to come later-on after the property is REO.FloridaREOagent,Good to have you on board.Your posts (the quote above and prior) are creating confusion.

Where I hold most of my notes, the tax bills are mailed to the registered owners, not the lein holders.