What frustrates me re threads on NPNs in 2015 was too much guru talk:  buy an NPN at 20% of outstanding balance, mail off to the (not paying) owner an off the cuff work out (30% off the payment, 30% off the principal) poof they sign and mail back all is well.  

Every house I have bid on is cash on demand 100% at the end of bidding - certified funds or greenbacks. ( I have never seen anyone pay in greenbacks however it is accepted where I am from)2) Sometimes I get great deals - just like every where else in REI world competition is fierce.3) I can only speak to CO trustee sales - banks will look to recover the outstanding debt owed by whomever defaulted.In many cases the bank will accept what they call a 'deficiency', which is essentially less than what they are owed. example: Outstanding debt: $150000, Deficiency: $50000 Opening bid: $100000

The podcasts are an outstanding source of information, as well the Education tab.

Option B: Sell and Reinvest in Stock MarketSell Price (615k) – Closing/Fees (~5%) – Outstanding Mortgage ($208k) = ~$376,250Expected Market Return: 7% (could debate this all day long, but this is the number I want to use).

That's a pretty outstanding return on your $45K investment.

No outstanding debts were found, taxes paid.However, the original owner's sons are still in the house.

I warn you the traffic on those two highways can be horrific from 5-6pm.

When I first met them I even brought everyone in their office a Starbucks gift card...At the time of this post, I have 3 outstanding issues with them that have yet to be addressed.

I just saw this article about vacant homes by Boulder Highway. http://m.reviewjournal.com/business/economy/look-1...I was wondering what you guys think about investing in these properties?

Another consideration, the buyer of your contract should be running title to determine if there are outstanding liens on the property.