- I find it hard to believe someone who is behind on property taxes will pay the lien holder back taxes and 15-20% interest!

Borrowing against life insurance policies can delay stable returns that could act as a nice retirement account for the policy holder.

I'm in the process now of getting a "determination letter" from the IRS to determine if the product Guidant provided was legal or not.While I don't necessarily think they are selling an illegal product, the way they are using the tax code to allow 401k holders to run a company with their retirement funds and then pay themselves a salary from that company wasn't something that the IRS nor the DOJ intended.As such, I'm a bit concerned that the DOJ may one day crack down on these types of companies (which they refer to as "ROBS", which is telling in and of itself).Certainly not telling you what you should do, but the determination I made after lots of research is that it just wasn't worth the risk of losing my entire retirement fund, plus another 10% in penalties.

An equity note will lose the collateral and would have to sue for an unsecured judgment.What ever deal you strike in a short sale, a second note holder will likely have the same option to pay the amount and foreclose, most institutional lenders won't go there, as a senior lien holder can't put a second at a disadvantage to secure their collateral.I have heard of seconds being discounted deeply and some required the full payoff, even knowing it would go to foreclosure.

Contact property insurers in your area and offer to rent to their displaced policy holders.

I bought the house as a foreclosure, and any previous loans should have been wiped out, but because they weren't, the holder of the loans may be able to make a claim that they still have a right to take the property since the loans are being paid.

Until the Sheriff Sale actually sells the property to a lien holder or to a third-party buyer, the deed does not change ownership.And with Sheriff Sales (and foreclosures in general), the property owners can use many tactics to postpone the actual sale and drag things out ...

Rentors really don't generally care about someone elses' property.The mortgage holder may not permit all of them to be rented.

We came to the table with $7800 for the second lien holder who demanded that much to release.

Equitable interest is simply you have a legal financial interest in a property, it does not equate to having title, but you may have later, it only gives an interest in one or more of the bundle of rights held by the title holder.