then sit down with a local RE attorney, to understand any risks, and what additional debts you might inherit (back property taxes, code violations) let alone verifying it is actually the 1st Mtg holder foreclosing.  

Unlike a far-flung heir or skipped owner, a mortgage holder us much more likely to so end money defending their position and have the resources, legal team and patience to prevail while you fight the good fight. 

You should require that they list you as both an additional insured and a certificate holder.

Add to that old, leaky windows, humid basements, crawl spaces, leaky roofs, and you have elevated humidity in a food-rich environment, where mold is concerned. 

KevinLet me give you food for thought.  

The new note holder has the payment stream from the note and the right to foreclose on the property should the buyer fail to comply with the note. 

I do like your humor Daniel.Buying a $600K++ SFH for cash flow............Just kidding you..........buy funny.Let me give you some serious food for thought:When you purchase average properties in average con­dition, you can expect to pay average price and get average terms.

It was as if you wished your property never went up in value in Texas as this only can eat up cash flow for buy and holders.

While the Deed holder is holding a portion of the down payment (however negotiated), it is still just a portion of what a potential lender will demand to obtain said property at $1M.

The sales price is the price the seller has agreed to accept.Subject to: Should that be the name of the mortgage holder with the amount of the mortgage?