All it means is the second holder is not reporting or that the CR that you got has not been updated if it is reported.You may want to ask for cancelled checks for the last 12 months if you have contact with the borrower, go by the date it clears, not the date the check is written.

There are more protections for certain holders of an interest, but not really for investor types buying or selling under those types of transactions.

They will, oddly, tell you the cost per term for that billing cycle and allow you to compute your own total cost.If a utility provider flat out refuses to share info you'll need to have the authorized account holder (typically the seller) make the inquiry on your behalf and then share that info with you which is a pretty common request.

If that is the case than the lien holder could accelerate the note and call the loan due immediately.

However, I am worried that the holder of my loan will not let me transfer the current mortgage to the LLC without refinancing.

Glenn,You and your mother may request a Certificate of Insurance for the Liability policy - I’m not sure if they’d consider clients certificate holders and therefore give you a copy but it’s worth a shot.

So basically I want to find the current note holder and buy the first position note.

(I rent to a voucher holder family in my house hack in Washington DC).Here is the podcast episode I referred to above, which also features Joe: https://www.biggerpockets.com/blog/rookie-podcast-03coronavirus-crashdos-donts-recession-veterans-joe-asamoah-steve-rozenberg

In Iowa, you would be listed as primary on the assesor's site and the deed holder as secondary, even if there is a bank mortgage as that is not listed on the assessor site but it is recorded.

I have single family buyers who bought properties in Maple hts a few years ago for 40-50k that are now worth 100k+ so it's good for them and a lot of other buy and holders in the area, and I expect that trend to continue.