So on owner finance transactions, if a buyer stops paying and trashes the house and the note holder forecloses is there a way to file the foreclosure on the borrowers credit?

The sub-2 agreement may survive the closing dictating how amounts are to be paid to a second mortgage or lien, much like a contract for deed agreement or simply make a second mortgage.Insurance is another matter off concern, making the old owner a lien holder on that policy is a notice to the underlying lender that a sale has occurred.This is not an area to get instruction off the internet as a first timer, get with an attorney in your area and have them do the deal, it needs to be accomplished as customary for that jurisdiction.

Look into Section 42 Tax Credit bond issues, not what you explained above but they allow developer's fees as you mentioned and could be purchased by one investor, but default you'll lose the tax exempt status for the bond holder and in housing there are many ways to default in performance with low-mod housing projects with mixed use.With energy tax credits, grants, govt funny money loans with disappearing principal, low rate loans, through several agencies piggy backing on one enterprise like a solar farm, no doubt you can get more than you really need and then need a way to expense it.

So, what if I had a nicely renovated house for sale for $ 100,000 - I suspect that being able to offer it to potential bitcoin holders can tremendously widen my pool.

Once the units were built and were being old, however, the company might make distributions of the profits to the share holders.

Also, do you think you feel that way because you viewing it through an investor's eyes versus the normal mom and pop IRA/401K holder?

Hi Jeremy...Regarding your question about people investing in Europe, we are getting good results for properties in Greece, largely due to the quality of the properties, seaside or sea view locations, significantly reduced prices, and last year's launch of the Greek residency visa for non-EU buyers spending at least 250,000 Euros.

Any loans (known as junior lien holders) that were made after the one up for auction are eliminated by the foreclosure.

IRA holders also receive a pittance of interest (they could pay me/you .5% while investing in 8% junk bonds and pocket the difference.)   

The first mortgage holder will show up and protect their interest to make sure they do not loose out.In short, unless there is so freakin much equity in a home, a junior lien will not force a sale.