Jon Holdman wrote: If the owner is not paying the mortgage (must be the case, they were foreclosed), but the tenant is paying rent, its rent skimming, which is clearly fraud.Do you know the legal definition of "rent skimming?"

Don't waste your time, energy, and legal fees and just move on.

So how do you wholesale as a broker and stay within the legal obligations of acting as the sellers fiduciary?

So many people here are truly able to give but won't...and will go to Starbucks and drop 10 bucks on an overpriced legal drug.

I could see a lot of legal headaches from these types of deals over the course of 5 to 10 years.

So, $29,000 in notes plus the $3000 (plus late charges and legal fees) to bring the note current plus $7000 to get it rentable?

I have taken intensive college classes on Tax & Legal strategies, using Self Directed Retirement plans to invest, Wholesaling, Short Sales, Tax Liens & Deeds, Rehabbing, Subject to existing financing, Seller Financed Notes, etc.

Is the tenant just refusing to pay rent or has the tenant paid the rent to the court or other government agency, which is legal in many areas?

If they say that they are either lying or confused as to where their legal obligations lie.

Legal 2 family with 3 electrial meters and "maid's quorters" in the backyard.