This prevents the need for foreclosure and allows for instant removal of the offending buyer. 

Exmple:  A recently completed foreclosure took 18 months at a cost of $9500+ in legal fees, plus an additional $9400+ in HOA and Taxes required at foreclosure. 

I'm interested in foreclosures because the property is vacant and heavily discounted.

I lost my house to foreclosure in CA in mid '13 and moved out to Round Rock, buying a house (with stock sale and father's help) out of foreclosure.

I wanted to find out if a foreclosure wipes out all the liens against the property.

I'm a new investor in the San Antonio area, and I'm trying to get into wholesaling, I've been sending yellow letters to people on the counties Foreclosure list, any other tips on finding deals?

If they own it free and clear you could do seller financing then use your loan to buy a rental.Another option is the foreclosure auction.

Bought a home (foreclosure) with a partner in November in Rio Rancho and after 3 weeks construction have it on the market.  

I'm looking for foreclosure and short sale opportunities preferably turn key with low maintenance under $60,000.

I believe that we are going to see another wave of foreclosures and short sales in the next year or two.