Liens get wiped off title, not necessarily wiped out.Thus means the obligation to the municipality, agency or taxing authority may still be unsatisfied and that means it ain't going away unless you mitigate. 

Agreed Jay, and that's pretty much our old "good ole days" prior to the predatory lending laws, Dodd-Frank, changes in TILA and a half dozen other Acts as well as  ALTA setting up changes in title requirements, insuring title and escrow.Of the DIL's I accepted I never had one issue, never, but then that was then and we're no longer in then, my comments are from current (last 3 years) of consuming legal opinions, rulings and perceptions within the whitepapers of agency and governing organizations.   

For sale by owners you get a be cautious with with lease options as they want cash, so what I usually do is give them marketing ideas to make a friend and then do a nonexclusive lease with option and put a sign on their yard with my phone number, so they can get a straight rental or I can get a rent to own tenant buyer, the term used for this is "nonexclusive".Some wholesalers are getting leads that they can't do anything with, these are the "we buy houses wholesalers", so I try to get in touch with them and meet them in person and try to do some kind of win-win marketing agreement where if I find a property that looks like a good wholesaling deal I'll do some kind joint venture with them and use their paperwork to sign the property of with the marketing agreement between them and myself; conversely if they find a problem that's pretty house with low equity in a good neighborhood will send the lead and I'll do a lease option assignment and send them a finders fee.Working with agents I find is HARD unless you are licensed yourself, if you are licensed, differentiate yourself as a problem solver, and go to the smaller agencies and asked them if they have any listings that are about to expire and you can go in and get an option fee from the tenant buyer and let the agent perhaps split the commission down the road once a tenant buyer gets financed.I was lucky to have a coach was 25 years old and I'm 57 now, and I still use the training I got when I was young, I worked for somebody for two and half years and was lucky that I didn't have to do any marketing, all I had to do was to get in my car and go talk to the sellers and put them through the paces of the presentation based on their situation, then I would have them sign a "letter of intent to lease or purchase", and then the sellers would actually bring their deeds and their sale and purchase agreement to the office, and we would close them there in the office.The only reason why I quit that job was I was only making $500 a week and my bosses were making tens of thousands every month.

What you will hear most often applies to institutional debt  and Agency lending.

Make sure and ask if they report to the credit agencies, which most all do, but best to double check.So you or your parents or whoever, gets 90% of their money back the same day you get the loan, so you will not have access to 10% of the amount you deposit for a year or until you pay off the loan.

Sooo I turned them in to the Dept Of Regulatory Agency's  for withholding the tenants deposit.

In PA it's called dual agency and is common practice.

BP isn't a regulatory agency, the federal government is.

Under the Fair Credit Reporting Act it's can be very challenging to get a waiver from both the tenant and the credit reporting agency (i.e.

I need to submit a project plan to County and to loan agencies.