One possible idea: I suppose if the banks sold you the note before the foreclosure sale took place, you could argue that the "holder of a mortgage in default" exception should apply to you as well.

You will get down payment offered and monthly mortgage payments that this buyer would typically be paying a lender.

If I stand correct they predicting 1-2 years for the RE market to stand back on his feet and around 10 billion dollar in mortgages that people gonna have problem to pay now= tax delinquents = opportunities .

The title company didn't want any secondary legal claims on the title besides the primary mortgage holder in 1st position.

I know these investments are a whole different beast but as a new investor it could be a good way for me to potentially pay cash from a HELOC for one or two of them and avoid having to get a mortgage.

I know these investments are a whole different beast but as a new investor it could be a good way for I me to potentially pay cash from a HELOC for one or two of them and avoid having to get a mortgage.

If mortgage rates go up that will cause the market to top out in the California market or even if rates dont go up much there will just be fewer buyers than can afford housing because incomes have not gone up as much as prices. 

My immediate concern however is how this cancellation of insurance will affect my mortgage on my loan.

I don't want to use the mortgage broker recommended by my agent.  

That's unsecured loans and not applicable to mortgages to be used as a down payment.