Joe, I am not in NC but I would be happy to discuss your situation.

This is my first purchase in Indiana and I didn't buy this place to be a rental but a flip so the entity is not set up to handle dealing with rentals and tenants, which is a subject for whole other discussion topic!

I look forward to the discussion

Would love to meet up and discuss different strategies!

I think you're saying you hold the 2nd mortgage to a home with the current owner and are foreclosing for nonpayment, and to obtain the home you need to pay off the 1st mortgage in previous owner's name? 

We've discussed using other financing, cash-out refinances, hard money lenders, etc., but just can't bring ourselves to give the lenders all that money as the additional costs and higher rates involved in those types of loans makes the numbers seem worse, and stocks have been a better alternative for us recently than taking out expensive loans for more real estate. 

@Glenn Hamp Send me a DM, let's discuss.

Depending on what you are looking to accomplish long-term, any of the three options you laid out could make sense (as well as possibly others you didn't mention).I will shoot you a PM in case you'd like to discuss your options a bit further.

The only way you could obtain information or coaching was through books and cassettes that were sent through the mail or you have to fly someplace and go to a 3-day or 4 day seminar. 

Hi Yochai,Happy to discuss your investment goals and how we can work together on the legal issues.