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Any help appreciated.ThanksBROCK & SCOTT, PLLC 484 VIKING DRIVE, SUITE 203BROCK & SCOTT, PLLC 484 VIKING DRIVE, SUITE 203VIRGINIA BEACH, VA 23452SUBSTITUTE TRUSTEES' SALE OF VALUABLE FEE SIMPLE PROPERTY KNOWN AS8707 Ritchboro Road District Heights, MD 20747 Under and by virtue of the power of sale contained in a certain Deed of Trust to PRLAP INC, Trustee(s), dated November 29, 2006, and recorded among the Land Records of PRINCE GEORGE'S COUNTY, MARYLAND in Liber 26624, folio 574, the holder of the indebtedness secured by this Deed of Trust having appointed the undersigned Substitute Trustees, by instrument duly recorded among the aforesaid Land Records, default having occurred under the terms thereof, and at the request of the party secured thereby, the undersigned Substitute Trustee will offer for sale at public auction at THE PRINCE GEORGE'S COUNTY COURTHOUSE LOCATED AT 14735 MAIN ST, DUVAL WING ENTRANCE, UPPER MARLBORO, MD 20772 ON,JULY 10, 2015 at 3:00PM ALL THAT FEE SIMPLE LOT OF GROUND and improvements thereon situated in PRINCE GEORGE'S COUNTY, MD and described as follows:LOT NUMBERED ONE HUNDRED NINETY EIGHT (198) IN BLOCK LETTERED "B" AS SHOWN ON THE PLAT ENTITLED "PLAT 2, SECTION THREE, PART OF BLOCK "B", FORESTVILLE PARK", WHICH PLAT IS RECORDED AMONG THE LAND RECORDS OF PRINCE GEORGE'S COUNTY, MARYLAND IN PLAT BOOK 96 AT PLAT NO. 67.

Hi @Julece GlaumBlanket loans aren't super common loan instruments and the ones I've inquired about are mostly asset based commercial loans, which look at the DTI for the properties.

The tax lien certificates are a financial instrument and not an interest in the real estate.  

I think @Karma Senge would agree Craig was instrumental in changing his trajectory in serious way.With your experience and Craig's coaching I think you would knock it out of the park.

@Nat ChanLesson learned.. its really very simplethere is a saying at least I learned it mid 70s   and that is FIRST IN TIME  and to follow that is RACE to the RECORDERS office.any debt that is JUNIOR  recorded in TIME after the foreclosing instrument is extinguished.With exceptions of course of Super liens and those you need to check on your state as they are state specific.

A mortgage is a bond that is mostly exempt from the SEC regulations because they are regulated as special instruments under other federal and state finance regulations.

This is why people like me don't respond to certain queries - those who don't treat this as a business have broken fundamentals, while those who do (and have common sense) are worth talking to.I sometimes participate on here (this forum) when I have leisure time and get tired of reading poor advice (of which there is plenty) from inexperienced people dispensing their wisdom (especially questions about LLCs and land trusts) or gurus screwing others over (I was instrumental - as documented on here by the victim - in their recovery of tens of thousands of dollars).  

Title ("deed") is held in trust and not conveyed to the buyer until the loan on the property is fully amortized (paid off).In a mortgage state, title is conveyed at closing while the loan on a property is tied to the lender's lien on the property by a financial instrument called a mortgage.

Takes about 5 months to close so it's best used for refinancing.Only allows distributions to the partners twice annually.This debt instrument has actually changed our multifamily strategy.We are tying up deals 'subject to' with a 20% down payment and then refinancing the project with the FHA product and in some cases actually pulling cash out.My theory is that I want to borrow millions and millions of dollars at 3.5% (as long as it debt services + cash flow) and be sitting in a nice position 10 years from now.Having long term low interest debt in ten years from now will make you look like a genius.