I was hoping that someone may be able to help out. I read Dean's deal on pg 244 of this book, and understand how he got the lien in New York on that property for $12,500 from the bank that had the lien at $145,000. What i'm not understanding is Dean says he was owed the full amount of the debt. If he purchased the lien for $12,500 did he get the deed and title to the house at that time? Also, isn't the $145,000 wiped off the books at the bank that sold him the note? Thanks for your response.