Thank you for contacting me and reaching out to discuss the note.I asked the bank to pull a new title search just to make sure that they haven't gotten a 2nd lien recently.And, yes there is an assignment of rents that has been filed but the banker explained that she is not certain whether or not it is being enforced.Taxes are owed from 2012 through the current tax period totaling $25,031.62Note purchase price is 100-120.Outstanding Loan amount - As of Aug 6th 2015 137,935.198 plus accrued but unpaid interest at the non-default rate of 10,212.43; late fees of 759.52 and other bank fees of 2,494.66 totaling 151,404.81.

You cannot refinance the option later should you need or want to maximize cash flow or pull out equity.

I've pulled a prelim and shows NO heirs or devisees, how can I locate someone related or an heir?

I have three maybe five days to pull this all back together.Keep tuned in. . . we will see where it goes. 

In California, I could have my title company pull all sales in the last 12-months that are public record.  

Hill St.Without a case number, you'll need to go and pull physical files.

If the seller files BK this property will be pulled back into it.

I really enjoyed the book and I read it cover to cover (except for skimming the veterans section as it does not apply to me).If you are a total beginner living in an expensive area, it is important to know all of the levers you can pull to secure your first property.

It was an unbelievable undertaking, but we pulled it off.Investment-wise, as far as real estate goes, I'm reading everything I can get my hands on, researching the local market, and trying to decide where to start. 

Hey Mark,Thanks for the response...I have 45K outstanding, so 75% of a 140K property, I was looking to pull 105K with a 55+ K in cash out for future investments.All total fees were around 2600+ and some change...