The previous landlord hired an attorney and they delay the case for two years with multiple bankruptcies on the eve of unlawful detainer trial. 

at least in OR CA WA Notice of default can go to legal notices here, I meant publication of legal notices, it's on line, as well as who died yesterday, who filed for bankruptcy, etc.

Hello everyone,I got a call in today from a seller who filled bankruptcy because she was going to a tough time in her life and didn't want to lose her house.  

It generally only addresses the risks of individual issues with your notes in a steady state market such as a bad underwriting job, a bad event (think hurricane etc.) in one note’s property, bankruptcy etc.

I have a email list of people who are going through bankruptcies and their off market properties.

Damn near put me in bankruptcy.

You are not alone, although that does not help, be grateful you do not have to go into bankruptcy as many investors do.

And should I also be the "first" mortgage holder on the mortgage in the event the Borrower defaulted or there was a bankruptcy?

Instead, ready "Richest Man in Babylon" and "How I Turned $1,000 into a Million in Real Estate in My Spare Time" (the original version by William Nickerson), and begin putting together a definite conservative plan to build a real estate investment business with low risk of having to declare bankruptcy.  

Also, if this owner files bankruptcy that can change everything.