They will look through the public records and find any "clouds" against the title.

They say it is unethical to give that info to the public, and besides, it is counter to what they are trying to achieve with those leads - to re-list the house.

A non-performing note is a liability.

I just need to be careful what I say in the non-advertising forums!

Originally posted by "jobus":Bulk REO's are loans investors are trying to purchase. ...No they are not,An REO is a loan that went to a non performance type status and then was offered for sale and did not fetch a required or minimal amount.

I think you can do alot with $45K, as long as you concentrate on strategies like lease options, sub-tos and other non bank financing techniques.

A high number of of Alt-A loans that are coming up for adjustment are Non-owner Occupied homes.

I wrote up a non-disclosure agreement contract for the investor to sign.

Yes, banks will let you do an inspection, and will negotiate over non-obvious problems.

Pursuant to Section 3712 of the Revenue and Taxation Code, the tax deed conveys title to the purchaser free of all encumbrances of any kind existing before the sale, except:• Any lien for installments of taxes and special assessments, which installments will become payable upon the secured roll after the time of the sale.• The lien for taxes or assessments or other rights of any taxing agency that does not consent to the sale under this chapter.• Liens for special assessments levied upon the property conveyed which were, at the time of the sale, not included in the amount necessary to redeem the tax-defaulted property.• Unaccepted, recorded, irrevocable offers of dedication of the property to the public or a public entity for a public purpose, and recorded options of any taxing agency to purchase the property or any interest therein for a public purpose.Any federal Internal Revenue Service liens that, pursuant to provisions of federal law, are not discharged by the sale, even though the tax collector has provided proper notice to the Internal Revenue Service before that date....according to that, California tax sales doesn't seem pretty free and clear to me.