A subsequence offence results in eviction.

As a junior lien holder, you will have rights or equity of redemption which means if you desire, you can pay those amounts due to the foreclosing lien holder which would slide you up in priority and thus be able to include those amounts due under the guise of advancing to protect your interests if the Borrower wanted to then redeem from you.  

You will let one slide and it will eat you.Using $150K to buy and repair much less pay living expenses during the flip would be a very hard go of it in the current market.

My family owns hotels, and the plan is that I would represent our family in purchasing properties, subsequently garnering commission after the broker's cut.I'm not too interested in becoming an active real estate agent, since I manage the day-to-day affairs of the family businesses.Any recommendations on how I can find a low-cost broker willing to hire me to process my family business real estate transactions?

You need to enforce your lease, otherwise, next time it will be "a bird flew into the sliding glass door" or "the toilet lid slipped and crashed down too hard."

I thought the Owner's Policy covered only the owner's investment, and I suppose I thought the equity balance would slide between the lender and the owner, as the mortgage is paid down.

This type of info is invaluable, BUT I have given him a LOT of work over the years.Detailed Title Work & the subsequent Title Insurance binder is then a % of Sale Price.

If my global is good enough they let a negligible property slide through, but they have policy levels for both.

If the total sum with interest at the rate described in paragraph 1 and all cost accrued subsequent to this judgment are not paid, the clerk of this court shall sell the property at public sale as set forth below to the highest bidder for cash, except as prescribed in paragraph 4, in accordance with section 45.031, Florida Statutes, using the following method:Sales Information: Sarasota CountyDate: 1-20-2014 Time: 9:00 am or as soon as possible thereafterLocation: Foreclosure sales conducted via Internet: www.sarasota.realforeclose.com And some other additional paragraphs.Our friend Petronila told us that she has more than 50K or 60K thousands dollars invested in this property...does she stand a chance or she'll loose this property?

You can be named in the trust as the subsequent beneficiary in case they should either die or become one year older than they are right now.