A few have suggested selling the second.Generally this will not work as well as it might first appear.Private buyers of notes care about seasoning of the note, the credit history, the LTV, the position of the note, the borrower's credit and the property.A new 2nd for a high LTV is going to take a really big discount if you can find a buyer. 50% or more might be reasonable to expect.

Well take care and hope to get to know as many of you as possible :)

As they are a state wide organization they are much more careful about they claim is the law.

Who's going to take care of that tax lien?

Mike,One specific piece of advice.Think really hard about why you want a CA RE license.

Anyone else care to weigh in and break the tie as to whether to include repair estimates on REO purchase offers?

Please respond with both the "what" and "how"---example...What: Canvassing foreclosuresHow: Weekly NOD Search at the CourthouseFeel free to go into depth on strategies, techniques and how-to's if you care to...Let's have fun with this and share ideas and leave a footprint for others to see and learn from in the future.

Or a relative.Be very careful how you set up deals with private money as they can sue you later if you cross the line and are managing the money for them.

Just be careful to keep the rewards balanced so cutting corners is not what they are paid to do.Second though.

You, your realtor and title company can take care of everything.