Hi everyone,  I'm Monisha from Buffalo Grove, IL. My husband and I have recently started looking into buy and hold properties in Chicago Northshore and are looking to learn more on BP.  I'm excited to meet folks and b...

In addition to prior lien holders you'll also take title subject to any junior lien holder who were not named and/or served in the foreclosure. 

The person you assign it to will be become the legal holder of the contract.

I've even contacted a holder of a 60K note and offered them a partial pay off.

If there are any junior liens, and since you state you are the senior lien holder, accepting a DIL would leave all those junior liens in place for you to pay off, whereas foreclosing from the senior-most lien position extinguishes those junior liens.

I should have mentioned also that an impending tax deed sale (as opposed to a tax lien sale) can pressure a note holder to sell if they cannot afford to pay the taxes. 

But if that buyer was real short and had hima good old truck free and clear, I'd just swap him some of that option fur a small note and put me down on that title as a lien holder and send it to them license crooks in that capitol building. 

The traditional corporation is what is traded on the open stock market- anyone can buy shares and their percentage of shares gives the share holder that much voting power.

But as a hedge in today's sellers market there are several passive products that can be used as place holders or alternatives.  

You may need to wait 60 days for junior lien holders to redemption rights to default before you can get the early deed.