If there is a junior lien you can purchase it and then you have the right to buy out the note holder as well.

The only bank that would EVER actually go to sale with money would be a junior lien holder trying to bid to protect their lien position and keep from being wiped out (I do it daily when I'm the junior lien holder).And while I agree that it can take months to get the foreclosed property on the open market, it's not because they are just sitting there.

Loan investors have a protocol and procedure to be followed to make sure people really need a short sale and aren't just bailing on an upside down property at the owner of the loan's expense,; to get as close to FMV as possible; analyze whether a foreclosure will net more money;negotiations with junior lien holders; mortgage insurance providers approval; etc, etc.  

I would start by contacting the mortgage holder of your current property and discuss your plans.

Well ceo's are driven to get ever higher profits for their share holders, in order to justify their exorbitant salary and bonuses.

Another option is for you to make the payment to the note holder, you could simply be a tenant and do that.A bigger issue is changing the insured on the insurance policy, this can be arranged with the agent to show you as a loss payee or an additional insured.

I was thinking if something could be available online or MLS of I will ask a realtor to represent me, or I could just call to biggest mortgage holders

The note holder is out of town, missed last 4 payments, they should have an idea where things may be heading.

As you admit, the other "strategy" is also unlikely considering there is NO incentive for the senior lien holder to negotiate a short payoff on a loan you do not have.At the end of the day, you are the only one that benefits with a potential of six months rent.

Can a policy be purchased to insure lien holders on a property in cases where the home owners insurance only covers the current value of the property?