.$20,000 lien on the property that the lien holder has agreed to settle for $3,000After repair value of $135,000Repair Estimate of $25,000Houses could rent for 2,200 or more.I am working on rebuilding my credit.

Smaller commercial properties usually fair better with smaller private banks and I would not consider a large mortgage banker or bank at all.Lastly, At this time, I would approach my seller/note holder and see if I could intice them into modifying the note for a longer term, like three more years.

Whoever is offering it at the lowest price is generally the contract holder.

Sounds like a simple enough question, but with many complications. I'd like to hear your ideas on what banks, the GSEs and FHA could be doing better in order to unload their REO inventories (faster and while taking r...

What we learn about in college is earning being distributed to share holders.

Call the mortgage holder and ask what their policy allows.

This part might be very important if you are a long term buy and holder. 

I would assume that if they are the only lien holder it would not be a subordinate note, rather the primary. 

In the event OWNER offers the Property for sale, then HOLDER shall have the right (but not the obligation) to purchase the Property under the following terms and conditions: (1) Once OWNER has established an asking or listing price for the Property, OWNER shall first notify HOLDER in writing of OWNER’s intent to sell and shall then offer the Property for sale to HOLDER at this price.

I am biased, I am a buy and holder!