Mortgage lenders that provide the IRS with 25 days’ notice of an impending foreclosure can avoid paying off the tax debt when seizing the debtor’s real estate.Unlike other unpaid junior liens, the IRS’ security interest isn’t terminated by the property foreclosure.

I have not read the book but I have done many sub 2's over the decades and for us it was just a standard purchase contract and when it says additional terms we just described that we were taking title subject to the existing debt or which debt would remain on title.

If any of our multiple CC accounts offer balance transfer checks we will continue to convert to cash, pay off other debt or use to pay contractors and then balance transfer into the business cards.

I've always calculated NOI as gross income minus operating expenses (not debt or cap ex) period. 

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

I just started a lawsuit in California against a debtor, it cost about $850 to get it started.

Is it the debt or equity portion of the capital stack you are seeking? 

I called around and not one person works with foreclosures unless their representing the debtor. 

DO NOT CONTACT THE DEBTOR-TENANT.

While the lien may be removed from the property after foreclosure, it still remains with the original debtor.