In a short sale or Deed in Lieu, however, the liens have to be addressed & dealt with in some way during the transaction.Do a title search and clear all of the liens by having the borrower clear them before your transaction or get the lien amounts credited to you so you can pay them off post transaction.We generally pay the full amount of the net cash for keys amount when the borrower vacates the property & leaves it in broom swept condition.Yesterday, we were surprised when a town refused to provide the transfer stamp, which we needed in order to record the Deed.

The owner died long before the notice of pendency was filed and I cannot find any probate records to determine heirs.

The owner died long before the notice of pendency was filed and I cannot find any probate records to determine heirs.

The owner died long before the notice of pendency was filed and I cannot find any probate records to determine heirs.

@Gary DezoysaRealistically you won’t have to worry about contacting the borrower because the chances of finding abank willing to engage with a potential note buyer where they can’t verify his track record is almost nil.

You cannot find this same information by looking at printouts from credit reporting companies and not all people with criminal records are bad people.

So I would say just show you know what you’re talking about and are willing to go the extra mile to help them succeed eventually your record will speak for itself!

The record was 2 minutes. 

The single deposit ("owner draw") can be recorded as a deposit from the "Other Asset Account" to your bank account. 

@Sabrina Sanchez yes the tenants do not want to go to court and have their record showing an eviction… they just want to wait for mediation and ask for two more months (they told me that in my face) how were you able to recoup 3 months of back rent?