I just got a call that I am under citation for excessive trash in the alley.

From a note owners perspective, I'm a little confused regarding what happens to excess equity when the note owner is forced to foreclose.Lets say for example, I own a 2nd mortgage.

I recently read about a strategy where an investor could purchase a quitclaim deed from a homeowner facing a tax sale and then collect the excess funds from the sale of the home at the auction.This sounds great, except I don't see a reason for the homeowner to sell to me.  

Simply touching a contract won't be a justification for excessive values that may be predatory that has been common in MH dealings.I'm not sure why Joseph keeps pushing Lonnie Scruggs and Deals on Wheels as that thinking was pretty much one of the reasons federal laws were adopted killing the shams described in that book.

Stephen:Before we walk a property, we research the neighbourhood (going rent rates, vacancy rate, vandalism/crime rate, etc); and run the vendor supplied numbers (rent roll, operating costs) - adding in allowances for maintenance, management, and reserves for CAPEx, while modifying any excessively rosy numbers with estimates/extrapolations based on our experience.We eliminate 9 out of 10 properties before even booking a walkthrough.When you do walk the property, make note of the following: - condition of the envelope (walls/insulation, windows/doors, roof & external cladding);- electrical: breaker panels; grounded circuits (bring a tester); GFCI circuits in bath & kitchen, etc.;- plumbing: ABS vs cast iron or galvanized waste lines; galvanised vs copper or pex supply lines- HVAC: type of heating/cooling system(s); centralized vs separate; age of systems; etc.- finishes and flooring: cabinets, vanities, fixtures, floors, etc.

Having a DBA name would also allow me to distribute any excess leads to other agents within my network all while under my umbrella.

However, a solenoid leaking by or faulty humidistat will run excessive water down the drain constantly.

If the policies specifically include/exclude properties, why couldn't you just get two or more policies for excess liability on the different properties?

Where I am we don't have all the time internet and cellfone excess .  

@Mike Hartzog If I'm reading your reply correctly, are you saying that if a junior lien/HOA lien foreclosed, that any excess proceeds would go toward paying the first?