We have already talked about "life events" that a borrower or note holder may face that can cause a note to surface, become public and be discovered in connection with other activities which can also bring in the above mentioned agencies.

If you run title, have an attorney fee, inspect the property, have costs of bringing anything current those are your costs to acquire, the difference you are getting may be due to the note holder's costs and you using the purchase price as the PV.

I'm not sure if I'm going about this in the proper way but you made a statement about informing lien holders by letter thus starting a one-year redemption period for those lien holders. 

However, a few months later the original owners appealed saying they were not properly notified of the original Intent to foreclose since the lien holder (their lawyers) had only sent the notices to an address that the previous owner had sold 5 years earlier.

Ground rents are perpetual and are bound to whoever owns the home - the ground rent holder can not terminate the ground lease.Its confusing and can appear significant, however in the grand scheme of things its really just a little hiccup in the Baltimore real estate market.  

Did the past holder seek collections or did they allow it to become a stale note where they abandoned their rights of collection, which is a bigger issue.

Hi All, Being a 6-unit, I take it this would have to be a commercial loan (which I don't know too much about yet), but please take a look at my analysis on a 6-unit in a rougher neighborhood here in Chicago. 5/6 units are occupied; 3 of which are Section 8 voucher holders.

Second lien position holders can charge pretty high rates and achieve high returns. 

I am not sure how such a loan would not be enforceable but these stupid laws passed that were supposedly intended to protect consumers, do very little of that and mostly hinder commerce.Just my opinion.So, your best advice in this scenario is to ask the current note holder (the note originator) to re-do the loan with the borrower and then sell to me?

Also for those of you that think LLC triggers the due on sale clause, it does not provide that the deed holder is the only member on the LLC.