4 of the Biggest 2nd Mortgages holder are :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Citigroup IncBank of America CorpWells Fargo & Co.

The first lien holder will not foreclose if something is out of line with the paperwork, the way it was posted, misspelled names etc. as they do not want to give anyone reason to challenge the foreclosure.

I'm working with a client who has BOA as his note holder.

Key Features of the New Housing Rescue Plan The government’s newest housing rescue effort, which was announced Friday, includes these key tenets:·As much as $14 billion of the Troubled Asset Relief Program (TARP) will be made available to pay for writing down second liens for loans whose borrowers refinance through the Federal Housing Administration.·Lenders that facilitate refinances through the FHA will be required to write down the principal of the first mortgage by at least 10 percent so the home owner has a loan-to-value ratio no higher than 97.75 percent.·Lenders of second liens will be offered incentives of 10 cents to 21 cents per dollar of principal they write down in connection with an FHA refinance.·Borrowers who lose their jobs can apply to have their mortgage payments reduced for three to six months while they search for a new job.·Borrowers with a payment still greater than 31 percent of income after they find a job will be considered for a permanent loan modification.·To encourage more short sales and “deed in lieu†of foreclosure transactions in which the lender settles the loan for less than is owed, the government will double assistance to borrowers to $3,000 and increase incentives to subordinate lien holders and investors to $6,000.

Actually, the lender is a FORMER holder of the note, so unless they somehow encumbered that note (you wouldn't buy it if they did when you know your plan is to do as stated in the OP) ... well, you as the new holder of that note, can modify it as you see fit (within the limits of applicable laws).

Up to $6,000 for each lien holder, plus another $1500 for "administrative costs".

The same metal frame sign holder that agents use is inexpensive at Lowes and probably HD.

Like I said earlier, it depends on what actions, if any, the note holder has taken.Procedures from this point forward vary from state to state, so you need to contact a lawyer in the state this note is in.

Title coverage is also provided to lenders and is a much better way of managing risks associated with title issues than searching title and attempting to clear issues with past owners, heirs or lien holders.

You mortgage holder has the right to require "acceptable insurance", it's in the security agreement (deed of trust), not the note.