You also could always ask the current lien holder if you would be able to quit claim the property into your LLC and keep the current mortgage.

Early on I spoke to 1 of the 3 young women who I assume is the lease holder about what will happen (rodents, etc.) if she doesn't keep the lawn cut. 

The results showed that the home minus the new lot would be worth more than when I bought it.You should have the current owner ask some more questions of his mortgage holder.

"the holder of a Note will have a general unsecured claim against our Company.""

They did however put themselves as the lien holder on record for both insurance and taxes (as noted when I look at my records).

Since Quest Trust was mentioned several times in this forum, I wanted to let folks know that they are resigning as a plan provider for many account holders as of 7.23.24.

. :0)Please explain why the Note-holder would be screwed in "but if they recorded it, you would be screwed."

Quote from @Charles Holder: Quote from @Mitchell Hein: Unfortunately, Figure told me the following:"Yes, we offer our HELOC product to primary, secondary and investment properties.

Now the 1st lien holder the mortgage that was never paid off, they has issued a lis pendent and starting the foreclosure.  

Alternatively, if there is no equity in the property do a friendly foreclosure between the LLC and you mortgage holder.