Typically. the party that initiates foreclosure has a mortgage that is in first position and takes priority over all other liens on the property (except for liens related to property taxes).

Hello All,This is just a second try from the initial proof read under the post "Letter to Absentee Owner: Proof Read"Tell me whether it looks better than the last and everything and anything you notice that I SHOULD improve about the message (format or content).

I just worry there are so many areas to initial by or sign that they miss that stuff leaving it void. 

I'm sure the case by case answer to that question will be "it depends" but it seems like a good opportunity for someone with a larger investment capacity to find a partner that could bring something to the table other than initial capital.  

You might be able in a better position than many others to either buy it from the estate or assist the estate in finding a viable way out of the foreclosure by a) buying it from the estate or b) arranging its sale to an investor (and hence earning something for the efforts).There seems to be some equity there to work with initially, assuming there aren't any other creditors with claims in the bk petition.

@Roger Laughary Just wondering how you were able to get the initial loan.

Umbrellas frequently won't cover anything your initial policy wouldn't cover.

Would seem like it would be fairly easy to just contact the initial seller directly once they get wind I'm wholesaling it.

Are they worth the extra due diligence if the initial numbers add up?

My guess is once you got past the initial barrier you two had a real nice talk, whether or not you two were a good fit for business.