Bond for Deed must be French Law.. never heard that term in my 44 years of real estate.I am assuming its a debt instrument like a mortgage or deed of trust.Zero % financing is great.. as long as your not paying double what its really worth.with those terms it leads me to believe that the seller is tired of managing this and the management could be Hi touch lots of work.. so if you think your ready.. that s a pretty decent deal in my mind..

And when mixed with the power of compounding, real wealth can be generated from a relatively modest investment.The real return on real estate is not always easy to see, which is perhaps why investors do not pursue it as actively as investments in equities or fixed-income instruments.

When I get rental properties it will help me grow my library and I can study more and more on whatever I feel like learning about while listening to string instruments.

And, depending on volume, it can take the county clerks days or even weeks to get instruments on record.

FHA requirements for owner-occupancy state "At least one borrower must occupy the property within 60 days of signing the security instrument and intend to continue occupancy for at least one year".Not sure what your exit strategy is, but keep in mind you need to season the title 6 months before you can cash-out refinance into a conventional loan and use the higher ARV.

Welders, pipefitters, electricians, boilermakers, instrumentation, insulators, iron workers, crane crews, pipeline crews, scaffold builders plus their management.Find a niche and exploit it.

Then, some yahoo dreamed up some of these exotic loan repackaging instruments.

I could spend $30 on a mobile home book, flip 4 trailers, and have over a grand a month of income for over 4 years.I have no problem with NR as an education instrument, I have a problem with its price and the MLM portion to it that turns newb investors in zealots.Sorry, this doesn't answer your question, but it is my strong opinion.

The court can issue a 1099 (to the borrower) for the difference or they may send the borrower to a collections agency, or even garnish the borrower's wages.In regards to foreclosures, Trust Deeds are a written instrument legally conveying real property to a trustee (or a third party) used to secure a mortgage or promissory note.Trustee's SaleA sale conducted by a Trustee, in the case of foreclosures, this refers to the sale of the property in question.Notice of DefaultWritten notice sent by a lender notifying the borrower that he/she has not met his/her obligations under the loan contract, and the lender may take legal action to enforce said agreement.

The option is also powerful in that you can just make it a condition of the wholesale that the seller sells to the end buyer and you get paid on the HUD as a satisfaction of your lien instrument.