I didn't think they have any rights to the surplus, only junior lien holders or the owner.  

As for the LLC, if you're seeking residential financing (which is easier to procure, and cheaper), you will not be able to have the LLC be the borrower or holder of the deed/title. 

As far as a story, my latest rehab I got for 32K.  12K down to pay back taxes and a 20K private mortgage from existing mortgage holder.  

How could the soon-to-be deed holder but protect themselves in this period where you have paid for the deed, but not received ? 

@John Jessie  one other thing if you violate a Timber clause IE harvest timber without paying of the holder of the Timber deed or security interest you can be charged with TRIPLE stumpage...

@Bruce MichaudHaving a brokerage account inside of an IRA owned LLC is a very common strategy and a way, as you indicate, to keep idle capital and the income from your non-traditional assets productively deployed.The LLC should be the account holder and the LLC EIN should be associated with the account.  

you just need and equity partner... then you two strike whatever deal suits the both of you.these things are fluid  not set in stone and each has their own deal structure.. its the fun part of real estate.however the first lien holder may require your equity partner to go on the loan with you.they may not accept a 80  10 and 10 deal.... in the old days it was perfectly fine.. but now not sure@Chris Mason  is there 80  10 an 10 product out there are these being done in the investor arena

Although the deed is in my name can I still get the tax credits from the interest and taxes paid, or does the mortgage holder get that since ther 1098 is in their name.I kow this is a CPA question but I know there are plenty of smart people on BP..

The applicant signs a voucher with CHA and becomes a voucher holder.

Nashville Type-2 STRP permit holders, we are definitely in the crosshairs for sure.