Below are the details...Property Type: Single Family in Oakland County, 3 beds 1 bath with basementOccupied: Yes potentially (I have someone checking) but I don't believe it's the borrower (homestead) Tax: $15,000 owed in back taxesDelinquent: 2010-present (actual maturity date of loan was 2013, so it looks like it was 15yr loan, unless data I have is wrong?)

But I enjoy talking directly with the sellers rather than working through the filters of a seller's agent, and Craigslist is one way to get that direct access.Definitely recommend following all the regular advice about personal protection when meeting people off Craigslist, plus all the advice about identity protection, plus all the protections you put in place before buying a property.

@Marelyn Valdes,That explains it - we were just in that area of Busch and Dale Mabry; wondering who purchase/built an identical image of UT Henry B.

I'm assuming house values and mortgage rates on either property are identical, equity is more than 30% on mortgaged property, and mortgage is under the $1M IRS limit for primary residence deduction in this hypothetical case.

If you make an identical offer to someone else and their deposit is lighter, then your offer is considered stronger. 

With a generic or unidentifiable LLC name, your personal identity remains unknown to anyone searching public records. 

All of the homes are identical in layout/design and are pretty basic, but are solidly built with quality materials and appraise for $30k - $40k above the lot & construction expenses on average upon completion.  

Your core tenant base is going to be younger, less mature, and possibly more inconsistent.

I sold a property there in 2008, then sold the identical property next door in 2013 for 60% less. 

Interest after default shall be at same rate.Payments were made as follows: 12/14/93 $250.94 01/09/94 $250.94 02/07/94 $250.94 03/22/94 $250.94 04/24/94 $250.94 05/26/94 $250.94 Advances made: 1- 07/14/94 $350 Notice of default 2- 02/27/17 $50recording fees 3- 4/22/17$15notary fee sub of trusteeLate fees $858.42 (57 payments x $15.06) from 7/4/94 to 10/4/98 maturity dateTrustee Fees: $1,574.75A notice of balloon payment was served on 3/31/17 Questions: 1) Can this loan be foreclosed on just the interest-only payments from June 1994 to present to avoid waiting for 90-day balloon notice to mature?