The Commitment will need to be changed to reflect the new legal description and to remove the requirement to obtain a deed from Rachel Meeks.

(Someone may remove the paper anyway.)

To hedge against recessionary effects an investor needs to look at products and services that are more necessary for society.

Once they started repairing the damage, they found that one of the structural supports was burned on one end, but that meant it had to be completely removed/replaced, and a few other major issues.

If you are not willing to visit the property and/or it is not cost effective to do so, then IMO you should be offering it for sale asap and trying to recover what you have into it.

So, as a GC, you not only can, but effectively MUST sub out the work for these trades.

Not saying they can't seek a full payoff, but the justification to do so will be harder, and I'd bet they won't, especially if the interest rate on the note is higher than the current rate.Later on, you can do a sub-2, effective when the mortgage is paid off.See your attorney, then call the bank back.....good luck!

I'm confident of getting the liens removed. here's a blog I wrote about it: http://sycamorevista.org/

This is how you "buy at the bottom" effectively.

In my experience, mentorship from a qualified mentor is nearly 100% effective.