My reason for being on here is that a life friend ask me to advertise his Mansion for sell as he does not use it any longer and his son died and he seen all the squabbling over his few possessions and it changed his life.

Of course, that additional funding would usually be reimbursed to the buyer at the closing of his unit when he takes possession.

Depending on the stability of the purchaser you might want to consider carrying a small 5 to 10% sub-ordinate lien but keep in mind that they (seconds), aren't worth anything should the borrower decide not to pay.There's 100% financing availble for individuals having credit scores as low as 570 sub-prime and 95% LTV starting at 540 provided they possess sufficient tradelines.

Also, did one land contract where lawyer assured us that if the person walked away or defaulted there would be no legal steps to take recover possession again.

You do need good credit scores though.Ultimately, if your goal is to take possession, fix up the house & then sell, you want the loan that will cost you the least amount of $$, and have the smallest monthly payment.

I am very new to the country, just 7 years old and am in the real estate business for the last 2 years.Investing in fixers is a topic of interest to me but since I have never done it for myself, I am in an exploratory stage, just trying to get more info, guidance and leads on such properties in the bay area.I am a bit reluctant to look outside the state.Just sharing something- I invested in pre construction apartments in India and just doubled my money even before they are ready for possession !!

Typically public entities must establish a longer period of possession than individuals.

It requires...in my opinion...more analylitical talent than I possessed to fill out the reports.

This system has some innovative and unique qualities not possessed by any of the current online database companies and is designed specifically for your industry and is used by thousands of Private Investigators and Collection companies.All Skip Searches and Public Records are $1.00 per product searched.

A second lien that forecloses takes the legal rights of possession from whoever owns the property but the second lienholder's position is still subject to the first lien.