Additionally, no commission will be paid to any such license holder representing his or her spouse who is a Buyer.

I also found out that the 1st lien holder had submitted a Lis Pendins last year.

Kyle Meyers, As a precaution, check on the state laws about contacting the owners or occupants while you are only the lien holder.

You should have no problem competing, they have to hit a yield with more expenses applied to each property than an individual, more flexible and local investor would ever have in the property.If they own 200 properties in some area, they will have a more efficient operation, but from the ground up, that local maintenance guy, there will be a sting of managers and staff up the food chain adding to the expenses.

Escrow Holder is authorized and instructed to record all appropriate documents regarding this escrow, even though funds necessary to consummate this transaction will not be transferred to this escrow until after such documents are recorded.With full knowledge of the foregoing, the parties hereto authorize and instruct Escrow Holder to proceed with the closing of this escrow pursuant to instructions relative thereto.

To those who defend it even when illegal, you might as well justify going into the store and stealing because you don't feel like paying for food...But even when, I consider it a lowlife and disrespectable way to go about doing things.

Find notes to buy (though note holders or note brokers).2.

The paperwork should state that the lien holder (you) is to be notified in the event that insurance lapses or when the taxes aren't paid.You should bring in 3rd party servicing, have the buyer pay for the monthly service fee, and that should take care of the taxes and insurance issue.

Also the owner and lien holders will receive a ton of notices [at tax time] that the taxes are due...

FHA rolled out a new program at the beginning of the month that makes it MUCH easier and MUCH cheaper for FHA mortgage holders who closed before Jan 09 to refinance.