The biggest change will be that tax deeds will not automatically be issued to the tax lien holder through the tax deed application process.

@Ryan Errico, liens like that are in order of time UNLESS the earlier lien-holder agrees to change their position which is very uncommon.

As for the insurance certificates- make sure you are actually being added as additional insured and not merely a certificate holders.

Investor vs. tax), but if it is a 2nd lien from an investor, there may be an intercreditor agreement that spells out the rights of the 2nd lien holder.

With 6 apartments were at $3600 per year If you're not all cash your loan holder won't allow it.

Keep in mind though, most times in these scenarios the lender would still be primarily lien holder on the property - so let's say if things hit the fan with your new "partnership"... the bank gets paid first. 

This discrepancy was not previously recognized by myself or the mortgage lender until I received correspondence from my lender indicating that the insurance policy holder's name must match the property owner, in this case, my Ilc.

Holders of those loans may never sell their house since the cost to buy a different similar house would be astronomical, and unless a move was absolutely needed, they just wont sell.

Such a scenario doesn't just bring values down by 30% but also places substantial pressure on property holders, especially when debt refinancing looms on the horizon, compelling action at these reduced market values.Here is the double whammy that increases the cash in refinance needed, the capital markets (bank lending) terrain has tightened greatly.

I lend as a 2nd lien holder (in Florida mainly) because the returns are huge but I am comfortable with high risk as well.