People may be moving away.Look for contractors going bust, an unfinished home is always under water compared to market values.A short sale is when the lender accepts less on a payoff.....so what do note holders do when they want to sell the note?

These are from the MLS rules.The key is that the MLS is not saying that the Deed Holder must authorize the listing.

Then you are in a better position to negotiate a price that makes sense for the flip.As a buy and holder, you want to know vacancy factors, cap rates, loan rates, etc.

That could not be further from teh truth, what this person is mixing up is the difference between a house flipper investor and a investor who is a buy and holder (landlord).

If I understand a short sale correctly, the lien holder agrees to release their lien (all rights to the property) for less than what they are owed....is that right?

The parties agree and understand that if said Due on Sale Clause is enforced by the Holder(s) of said Mortgage(s)/Deed(s) of Trust, the entire balance then due under said Mortgage(s) must be paid in full.

My online search says CoreLogic is not a mortgage holder, but a data company...am I wrong?   

Originally posted by @Charles Holder:@Jamie McCauleySuper cool.. did anyone help you in judging the deal and stuff.. super interested in this stuff but cold feetHi Charles!

This note may be subject to a Civil Code, which provides that the holder of this Promissory Note shall give written notice to the Trustor, or his successor in interest, of prescribed information at least ninety (90) and not more than one hundred fifty (150) days before any balloon payment is due.iv.

The note holder needs to continue to make demands so that the perfection of the secuirty interest and amounts due remain due and doesn't become stale or abandonded, this should be coved in the purchase agreement as well.But if you foreclose you will have a collateral interest and may have to sell, any overage above the balance owed goes to the borrower.