Something happened that interupted payments and the investor (aka note holder) sued for payment. 

Still you might be able to get the new note holder to negotiate with you as others have suggested.You mentioned having other properties.

The city has not stated when it will be determining the fate of the 52 license holders now under review.

Any lender or lein holder in second position. if there is fair and honest bidding they will get some money out of it. 

I think there may be an issue getting my mortgage holders on board to pay their respective portions from the escrow accounts.

I'm talking about bringing it up to the standards of a Class C rental that section 8 would pass as a rental for its voucher holders.

https://www.prnewswire.com/news-releases/ben-caballero-becomes-the-worlds-first-2-billion-real-estate-agent-300793822.htmlBen Caballero Becomes the World's First $2-Billion Real Estate AgentTop-Ranked Realtor® 2018 Sales Totaled Nearly 5,800 Homes for a Volume of $2.27 BillionHomesUSA.comFeb 12, 2019, 09:00 ETDALLAS, Feb. 12, 2019 /PRNewswire/ -- Ben Caballero, the first Guinness World Record holder for home sales, broke his world record for an individual real estate agent, selling 5,793 homes totaling $2,270,911,643 in a single year.

The guy in the trenches, or the newly minted stock holder with higher cash money?

Credit was too easy to get and adjustable rate mortgages which adjusted higher than the mortgage holders could afford, caused people to start defaulting on their mortgages.  

So, maybe you had a bond paying 12% interest when inflation was high but now rates for a similarly rated bond are 6% so they exercise the call option and pay off the bond holders who now have to go out and reinvest that money at prevailing rates (e.g. 6%).