Note that there are areas of the country, such as the West, that have essentially cratered for all property types (apartment, office, retail, and industrial).

I am wondering if one of those transactions did not get recorded (essentially clouding the title to the property), would there be a fine from the assessors office?

They have essentially no value because, as you note, the house is worth less than the balance on the first.The holder of the second could sell it.

The government has essentially nationalized the big banks, the auto industry, big insurance, healthcare, student loans, etc, etc, etc.

Essentially, what you're doing is offering lumps of cash to the note holder (the guy who's getting paid) so that you are assigned an income stream (payment stream, typically on a monthly basis).Once you do your DD and pay the note seller, an assignment takes place and the note payor is now informed that he or she has to make payments to you, the new note holder.

I review hundreds of blogs, and I see the same mistakes over and over. Many of these tips fall into the "of course" category, so the first tip is...

1) Take the time to finish out the blog. Man...

The price point at which there has been interest is at what we paid or a little over, so that although we purchased at what looked like a great deal it was not, we essentially paid the current market value - which was one quarter of the market value 2 1/2 years ago!

It is obviously intended to discourage flips, but essentially accomplishes adding costs for longer transactional funding to the deal.

Essentially, as a finder, we are passing along information that we gathered ourselves – this information, along with our access to buyers, is our stock in trade.

I essentially passed on college and I'm paying dearly for it now.