Just a place-holder to remind me to come back and post some thoughts...I'm on an iPad right now and it would just take too long

With that, going up the food chain gets easier.I'm also surprised so many folks here watch MSNBC!

I guess this is good for you if you are a buy and holder, you agree to the holding terms of the government (as if I need to have more terms demanded of me by government!)

This is where is gets interesting.Open Mtg1 - BAC Countrywide Home LoansOpen Mtg2 (junior) - JPMorgan Chase 5/31/11 - Sheriff's Deed on Mtg1 to BAC Countywide Home Loans6/11/11 - Quit Claim from BAC to Fannie Mae8/11/11 - Redemption Certificate - Redeemed by junior lien holder JPMorgan Chase paid in fullThe redemption certificate states, "The grantee's interest in said sheiff's deed has been conveyed to Fannie Mae."11/30/11 - Redemption Period would have ended hereAs of today, nothing else has been filed at the county.I've called Chase REO, they have no record of the property.I've called Fannie Mae REO, they have no record of the property.I've called the township treasure, 2011 summer tax receipt was paid by BAC.

Looks like the hotel has several great options for food and drinks, I look forward to meeting everyone in person and discussing RE over food and dfrinks during breaks, before, and after sessions.After speaking on Friday at 11AM, I will make myself available to anyone who has any questions for me, be it on my topic or any RE topic.

There is no limit on the number of lien holder's that can have a security interest against a property.

Also, if you do Sub to, don't forget to change the address with the note holder as when you close it out typically you will get a refund for money held in escrow.

Short sale is subject to all lien holders approval and short payout amounts each lien gets.List price is what the seller has agree to sell for but the bank is taking the loss so it doesn't really matter that much.

Is there a way to buy the 2nd and somehow make contact with the 1st Lien holder and pay it off prior to the completion of the foreclosure process (ie in the 10 day upset period allowed in NC)?

I see property ownership and rentals as the ultimate inflation hedge (Of course unless the whole economy goes Greece on us, and if in that case, only the producers of food have a chance anyways..)