I will also add that your lenders must be very, very green to have agreed to be in a lender position with such a high LTV and that many senior liens above them.I would advise that you clean this up and have a reasonably LTV and not 9 deeds of trust against it.

Hello,I am a UK citizen/resident who is looking to invest in property within the United States.

I'm heading into my senior year In college and sometimes I wonder what am I really doing In life.

Is the foreclosure on the senior lien scheduled for tomorrow?

She choose not to do this and benefited from it by not having to pay tax on those funds, unfortunately, she also looses all the benefits that comes along with reporting that income to the government and one of those happens to be showing that she has been a law abiding citizen by paying what she is suppose to.

Well not too sure who said it but here goes (nor am I on the quote either)"the only certain things in life are Deat & Taxes" I am all for paying taxes in your tax bracket but it is your legal right as a United States Citizen to do what you can to pay as much as you should pay not!

I have spent a good portion of my adult career as an employee of a well known Company as a Senior Revenue Manager.

Because there has been a problem of some senior citizens being charged thousands of dollars for information on HECM that is available free, HUD recently directed HECM lenders to stop doing business with companies that charge such fees.

Any senior liens will remain in place after the auction.I assume from the way your phrase your question that you're thinking at bidding at the sheriff's auction.

That makes it worth much less than the face value.If this were in the US, and assuming your mortgage is the most senior one (I'm guessing it may not be) and if the land is really worth $15 million (dubious about that, too), then you could foreclosure.