Does the current occupant need to come up with the funds to pay off all of the existing debt or do they simply need to come up with $60k to redeem?

Just because the seller doesn't know about a title issue or lien doesn't mean they don't exist.

Something similar already exists (form i-526).

Both of these can be somewhat mitigated by selling closer to the owed amount.Therefore, it's in the seller's best interest to get as high an offer as possible, and if an agent refuses to present that offer, the agent is not only breaking real estate regulations but is also not fulfilling his/her fiduciary duty to the seller.

It is this type of circumvention that is frowned upon by regulators.

How could a state regulate who can hold a note on real property?

I was thinking generally (and hypothetically) along these lines:* Deal with folks where we have pre-existing relationships* 10yr fixed rate - pay around 7.25% fixed for 10 years (this would be set at loan origination around the 10yr tsy plus 5.0%, or possibly the 30yr avg fixed rate + 2.5-3.0%); interest only ideally, or possibly 30-year amort* Right by borrower to substitute collateral to maintain the LTV (if we want to sell a property)* 1st mtg, 75% LTV on new appraisal value* One investor per property, in 1st lien position* Property rehabbed, seasoned for at least 90 days with tenant in place with term leaseHow have you addressed lender concerns around investment safety and illiquidity?

The appellate court decided1 that an individual cause of action against a corporate president could indeed exist in a lead paint poisoning case, without the piercing of the corporate veil.

He put them all on 10 year amms which made his cash flow non-existent.

Maybe you are performing maintenance on an existing pool?