@Michael MudreyWelcome to BP, a great resource for all parties in real estate and especially investors.

Repayment are made to us via account transfer or any other means preferred by Both Parties(Lender and Borrower). 3.As stated above, Interest rate applicable to all Loans Is 0.6 % Per monthly and 7.2% per annually with 10 months grace period and all loans are unsecured with flexible terms and no prepayment penalty. 4.The Loan Is Transferred to the Borrower via a.Account swift transfer b.Courier delivery service/Bank certified Check c.Cash Pick Up.

However, their presence is not always an automatic value kill at all.2 - Property (back) Taxes - Property taxes are a Super Lien when levied, they rise to first priority automatically which gives them the power to extinguish the rights and interests of ALL interested parties inferior to them.  

His lender does not want to have any other party involved... i.e. an assignment contract.

@Bradley Smotherman I would say that the easiest way is to go with a 3rd party service.

If that is the case, the injured party will sue the property owner.

the bidding starts with an amount that does not tie to any mortgage balance or fraction there ofthe auction is the judicial sales ..plaintiff (bank) is the winning bidder most of the time. sometimes 3rd party bidder wins. this is IL specific.

You then send in to the requesting party and sometimes it takes a few days to go into their system.

- If foreclosure was initiated, then this may be the Service Process Fee - serving all the interested parties with notice of the action.Appraisal Fees - A re-evaluation of the property as a result of foreclosure.  

I suppose the term may be slang for the sake of conversation where they are saying, you can put your contract with them and they will wait for the third party (end buyer) to be produced before preparing documents but I would not personally refer to that as an "Open" deed, since the only party to be added would be the party who steps in as Buyer or Asignee.