I've used this for finding buyers and sellers of fast food NNN properties and some smaller shopping centers with investment grade tenants.You have leverage in telling your story, representing investors with deep pockets that can close quick.

It isn't likely the mortgage holder will subordinate to a new mortgage {possible though)and it isn't likely any lender will come in second on a deal like this.

I'm a full time College student living off food stamps, pell grants, and partially my mom.

use cool little holders as you run with it.

The real issue is getting the lien holder to release the former owner from liability, which requires a very solid and well-qualified new owner to assume sole liability.

Doing the title search proved that the first (and only) lien holder was foreclosing, and the outstanding debt was around 180K.My cramped calendar permitted me from attending the auction due a very hectic schedule!

I don't think the law is completely settled but I have seen attempts by second position holders try to make failure to subordinate arguments against modified mortgages which were subsequently recorded after their lien.

East Atlanta has become a veritable hub of "Things that yuppies like", and the Ponce Market project shows great promise for continuing the evolution of PDL that got started with the whole foods seed store.Old 4th ward is NOTHING like it used to be!

Rich-What kind of food do you like?

However, don't forget the homeowners insurance policy naming your friend as the mortgage holder.