I'd guess maybe the security instrument is not enforceable?

I'm currently working full-time in a cost accountant role at Texas Instruments.

It's something we are working on now, to automate with certain financial services companies where investors can buy the debt instruments and put them in their SDIRA.

That should include, at the least, a promissory note and a security instrument (deed of trust or mortgage.)If you're Bob and you in any way recruited these friends to invest in this partnership you are extremely exposed.

The Ultimate Beginners Guide and other related blog posts have been instrumental in teaching me the basics of real estate investing.The two areas I am currently trying to focus on are tax lien investing and buy and hold multifamily properties.

Since in MA the security instrument can be either a Deed of Trust or a Mortgage, the instrument will dictate which process is followed which has an effect on the time frame for redemption.

Other than the logistics and timing to setup, how do lenders (banks) see these instruments if seeking financing?  

When a borrower does not pay the remedy afford in the security instrument is foreclosure.  

I am about 8 months in to my investing career and MIG was instrumental in making great connections.

A "deed of trust" is the security instrument usually used with the trustee sale, whereas a mortgage is a security instrument usually used in sheriff sales.