Updated over 8 years ago on . Most recent reply

Varinder KumarPoster
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- Real Estate Broker
- LA & ORANGE COUNTY CA -Multi Family
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Npn help already foreclosed on
Real life note scenario (that I am seeing now):
Let's say you see a note on a tape and after doing DD you find out that the county has already FC'ed on the property years ago. The note is no longer secured to the property. But you also find out that when it was sold at the tax sale there was an overage. All you would have to do to get the unpaid balance on the note would be to buy the note correct (and of course apply to the county)? Would you even have to board? No lawyers, no foreclosure, no contacting the owner, right?