I deal mainly with tax sale deeds and because the taxing authority only sends their bills out once a year, it is reasonable to realize that it could take a year before someone realizes that they are missing their bill and check into it only to find they do not any longer own the property.

Hey Richard I have that book and you can imagine my surprise when the author registered just recently on this site around the same time I did.http://www.biggerpockets.com/forums/55/topics/29886-new-investor-here-I've watched plenty of land go for top dollar at land auctions near Parumph and Spanish Springs Ranchos.

Hi Dottie,You'd probably have to check with the local authority in charge of manufactured homes - see what they've got in their records and how they see this property - i.e. real property or personal property.

I'd definitely check with the state and/or local authority to see exactly what is involved.

:)A county near me just authorized 400M to buy vacant homes...

Get a feel for negotiating.Once you have a steady stream of leads from both groups, things will start to fall into place.

You need an education in executory contracts.In NM you can lease, and buy on sub2 or a wrap or seller financing.Get a team together that knows what to do.The contracts I use in a sub2 areThe Purchase And Sale AgreementSeller's Due-On-Sale AcknowledgementThe Quit Claim Deed To TrusteeGet An Authorization To Release Mortgage InformationGet A Limited Power Of AttorneyUpdating The Insurance CoverageControlling The Escrow AccountIf The Mortgage Company Calls The Loan Due What to DoAddendum To Purchase And Sale Agreement Quit Claim Deed To TrusteeAuthorization To Release Mortgage InformationLimited Power Of Attorney Regarding Real EstateInsurance Letter (Adding Additionally Insured)Escrow LetterLetter To Mortgage Company Good luck!

The problem I see with challenging the BPO is that it very rarely leads to a favorable approval.

Hey Chris, I will be going to the courthouse alot and getting my leads.

I'm going to confirm though with the President of the bank... which leads me to another question.I got a HELOC from TD Bank a couple months ago before I went to my local bank.