After that deal i learned how to pick contractors and what you need to include in any agreement, to ensure compliance.

The borrower has three (3) days to provide the delinquent payments or the court will order a writ of seizure and sale and the property will be sold after proper notice has been advertised for thirty (30) days.

For a proper assignment you will, for one thing, need to recite the subject property and that lien being assigned, I have never seen a draft big enough....LOLThe lien holder will have to execute the assignment agreement and endorse the instrument representing the lien, like a note.Some liens can be acquired by law, like a tax lien or paying a materials lien depending on state law.

Is the house listed properly?

Are you confident that the firm will structure the offering properly to be both legally compliant and marketable?

I want to make the guy an offer that he won't scoff at, but I obviously want to ensure a nice profit.

The starting bid is in line with the proper value of the property.

Next you either wholesale it which involves marketing, finding buyers, closing...all while trying to make a modest profit.Or you could rehab and resell it which involves properly setting your budget, knowing the market to determine exact repairs/finishes to make, lining up contractors, managing your budget, managing your contractors, managing your schedule to minimize your holding costs, finding an end buyer, with 100+ other tasks mixed in.Your comment about planning is dead on.

Moved to proper forum.I think you mean that his parents actually own the home (i.e., are the "grantee" on the deed) and have a mortgage on it.

Not some hired gun overseas who probably doesn't even know the first thing about proper blogging.