The primary stock holders in the company filed personal bankruptcy and even though the corporation did not file chapter 11 the property was taken since they were the primary share holders.

What happens many times is that the holder of the 1st lien will file the NODs, but the holder of the 2nd will just wait to see what happens.

As an investor, we would use these funds to purchase properties with you or your company listed as the lien holder.

Then there's possible acceleration by the original lien holder.

(Not many mortgage holders will allow land contracts to be done/recorded) After he left and the house was to be sold, the closing attorney had a fit to have him personally appear to sign a "Quit Claim" with regard to the deed transfer.

As it happens, I am very concerned about my tenants - many Sec 8 voucher holders reside at my building and several of them are model tenants.

Basically I understand that I'm supposed to find holders of cash flow notes and put them into this system to hook them up with a potential investor who would like to buy the note.

God bless Landlords that are willing to give section 8 voucher holders a better life, in a nicer area.

There are 1st position notes, which means that their is only one lien holder. 2nd position notes, which means that their is 2 liens on the property.

How about for a private promissory note holder like me, who only needs to check credit and report late payments to all 3 credit bureaus ?