When examining the 30 largest bank and non-bank mortgage servicers from 2011 through 2013, the Federal Housing Finance 2 PROPOSED REGULATORY PRUDENTIAL STANDARDS FOR NON-BANK MORTGAGE SERVICERS Agency (FHFA) estimates that share of MSRs held by non-bank mortgage servicers increased from 6 percent to 17 percent over this period.

In general, the IRS has a number of factors it will examine to determine this. 

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I recently passed my real estate exam in Pennsylvania, though I have not hung my license with a broker yet.  

The hearing dates sound like this is an active process.Getting title insurance will be a way to work all of this out as the title examiner will have to verify all of the proper steps were taken to get the property out of the bankruptcy and the foreclosure was also done correctly.

As @Brett Synickywisely said, you only learn how to pass the exam in the classes.  

Your title insurance company's title officer will examine your available documents and notify you in their preliminary report what exceptions to title are listed and what they require to eliminate each exception. 

Unfortunately, in my experience, being able to run out a description is becoming a lost art amongst title examiners because of the time it takes to do so and the premium insures put on getting the work out the door rather than doing the job right. 

If you examine the BP forums, some of the most top notch agents are extremely resourceful when answering users posts, not to mention they do it on a consistent basis and ask for nothing in return.

By the way, we prefer to go through the reimbursement route instead of taking a deduction on Schedule E -- based on what I have researched, we would actually get more money, and it's cleaner and hopefully would rouse less suspicion from IRS examiners.4.