I have direct access to the companies buying the tape from the large institutional banks; you would be only 2 degrees of separation from the source if you work with me.If interested, please email me for more details.Brian

So the lending institutions are unable to foreclose quickly and not at all as long as the borrower is negotiating a short sale.

Hi Jackthe new york real estate institute here in manhattan have a seminar on october 8 and 9 on tax liens and tax dees investmentas, the cost is 49 and you can bring a guess.i am already signed up.

Most have instituted procedures which make obtaining a loan for anyone outside of a narrow definition a very diffcult and frustrating process.

Only months later did I discover extensive hidden dry rot on 2/3 of the exterior balconies and stairwells.

Good on you for standing up to these "Too-Big-To-Care" dysfunctional institutions!

I got to 25 houses, quit my job and discovered the money wasnt going into my real bank account like it was supposed yo on paper.

4) Am I going to discover that a grand total of 8 studs and 5 joists AREN'T rotted and everything else has to be replaced?

An equity note will lose the collateral and would have to sue for an unsecured judgment.What ever deal you strike in a short sale, a second note holder will likely have the same option to pay the amount and foreclose, most institutional lenders won't go there, as a senior lien holder can't put a second at a disadvantage to secure their collateral.I have heard of seconds being discounted deeply and some required the full payoff, even knowing it would go to foreclosure.

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