Is the current deed holder the same as the 'bank' that executed the foreclosure?

The tax bill goes directly to the mortgage holder.

What happens to you as the note holder?

Sounds like there may be requirements for certain note holders for compliance even when they hire sub-servicers or servicers based on the total loans serviced, being over 500, I'd say that would be any independent servicer, like GreenTree.Looking forward to the future final rule, LOL :)

About the only way to improve the lead quality is to do a more targeted mailing aimed at previous buyers, note holders, etc. depending what you're marketing for.

The likelihood is that they will recharacterize these as credit transactions, thus subjecting the holder to all the laws that regulate lenders.

You will still need to alert the first lien holder but they likely will not mind since they are in first position.

Have folks out there arranged an LLC structure where the small equity holder (the developer) makes a higher % if it's sold quickly but the large investor (me) makes more if it's rented out for years?

I suppose you could try to do a lease option, but same as with a sub-to, good luck finding a lease holder wanting to make payments for x years toward a down-payment on a house that will still likely be under-water.

I live in TN, If I as the lien holder bought a note which the property is located in another state and the property reverts back to me by way of the foreclosure running it's course.