Then I imagine the holders will try & sell the back-stock.

Luiz, I could be wrong but I believe the BONY Mellon takes title as trustee for its beneficiaries, generally the certificate holders of a REMIC trust.

If it's over $1M, you may want to look the EB-5 visa...

Hopefully I'll end up giving them a good reference as tenants, and visa versa.

Yes, probably uncooperative junior lien holders, or the bank saw that the seller had additional assets or a good job such that they could effectively go after them on a deficiency judgment, versus the SS where the seller was probably negotiating hard to be fully released from the debt.

As for Denver County auctions...In Colorado auctions are held by the public trustees of each county.Below is a link to the Denver County public trusteehttp://www.denvergov.org/clerkandrecorder/ClerkandRecorder/Foreclosures/tabid/437349/Default.aspxI have not attended Denver's Foreclosure Sale/Auction, but my experience is that the public trustees required a certified check(or other good funds) at the auction.I would certainly speak to expert before participating as it is a buyer beware (caveat emptor) purchase: -No guarantee that the foreclosing lien is in first position-No rights to inspect-Can be redeemed out by other jr lien holders after sale-Persons may still be living in the property and require eviction or other arrangements-Lessees may have a grace period to leave-All sales are finalI am not an expert and that is just my personal understanding.The aforementioned is personal opinion and none of the content should be considered a binding offer or agreement.

The TARP money given to every recipient was a subsidy.If B of A or any other bank found a profitable loan and needed to fund that loan with both equity and debt (deposits), they could have raised those funds in the respective markets and likely paid a higher rate to the equity holders or debtholders that they paid in interest to the government in TARP loans.Just the same as a borrower buying a home with FHA financing receives a subsidized interest rate.

Even after the property has been sold at auction, the second mortgage lender may pay off the required amount of money to the first mortgage holder and get the property back at the end of the "redemption" period.

I did alot of business with older landlords and turned them into note holders.

Yes I have a visa, I work here, I have income here and have already been pre approved for mortgages.