Won't recording the deed prompt the current mortgage holder to want their money?

If they accepted a DIL they would own it subject to the 2nd whereas if they foreclose the second will be wiped off title.The reference to "pool insurance" may in fact be a mortgage insurance policy insuring the second mortgage holder.

I presume you will be taking a deed from the holder of the tax sale certificate?

Good day BP.Looking to add all local active members of BP to my colleagues in the Miami or from anywhere in the country maybe even the world. looking to expand my network hopefully learn a thing or two from everyone I...

AND the second part of this is in a double closing from what I understand I'd have to have the money to purchase the home first then turn right around and get the the buyer of the wholesale to basically buy it from me - is this correct does this make me the "holder" of the title for even just a few minutes.

You do have insurances issues in that you need a loss payee for the seller and changes to the policy also go to the mortgage holder, due on sale red flag issue.5.

It just a question of who it is good for; buyers, sellers, traders or holders.

LolI want to do lots more of these.Question: How would I find the data to market to more owner carry note holders?

The seller would remain first lien holder.  

He already stated the land contract owner (note holder) has already agreed upon a price and will let him out of this contract.