It is important to remember that even though you may acquire a quit claim deed, the mortgage holder can foreclose to force a sale of the property, and couls still attempt to foreclose after the statute of limitation expires.

I figure by giving 60 days it is a good faith attempt to allow them to look for quite some time and if they come back saying they will pay it, great, we both win.

Greetings Wholesalers,I am attempting to get a property under contract from a probate lead.

These generally earn greater than 20% returns annualized3) If we have to foreclose, then we do minor rehab work and attempt to sell it for cash.

I'm new to the real estate world and I attempted posting on here yesterday but I don't believe my first post was added.

We use a company that does all of that and attempts to collect.

If named in a lawsuit and found negligent, the court could force the sale of the property to attempt to acquire the $250K equity.

There are many different and often conflicting issues involved with the above scenario, but I will attempt to summarize some of them.The following is generally true in California, however local city and county jurisdictions often have their own take on how the process works. 

I am going to work things out with the JOB to attempt to drive down to Miami for that event. 

Don't be resigned to look at mortgage calculators online in an attempt to figure out a good path.