Yes, the issue you are running in to is due to the Feds allowing the forbearance with the borrowers, thereby putting the servicers in a position to have to pay the bond holders even though the borrowers aren't paying.

She had her tourist visa at that time and was planning to get her student visa to study, but when they saw we were engaged they told us that we'd have to go through the entire process for a marriage visa after we got married.... average waiting time — 14 months.

I was thinking it would at least make a decent short-term rental until i can work something out with the mortgage holder or try to wholesale the option if i get offered a good price...any thoughts or does this strategy of buying liens only effective on free and clear properties?

In this binder you can see the one page property card that show's the sale price, the new deed holder, the assessed value, along with other property specific details.

There is no double closing as you can sell directly to any new buyer with others in title or by using a Specific Durable Power of Attorney (SDPOA) from other title holders.

I had to get a visa yesterday to enter Singapore.

The penalty is on the one who originates, negotiates, processes and anyone participating in such activities, so it's not just the seller or note holder.

If the borrower defaults, the lender or note holder is then able to foreclose (sell the property at a sale) to recover thew amount owed.

Long time lurker - first time poster :)I am a holder of both (I consider gold my savings account and silver my mid-term speculative investments, with real estate being long term) and have used online sites to do so.One more note - Obama recently signed a bill that repealed the tax requirement on 600$ transfers - http://www.reuters.com/article/2011/04/15/obama-healthcare-tax-idUSTRE73E6K220110415Thanks for the great site everyone!

I think there are a lot of long-term holders in the Bay also, and with the limited land, I think it still has legs, especially over the long run.