If anyone stops paying 2 months down the road the 300K belongs to someone else and they lose it all to a lien holder.

If a third party buys at the auction, a bank doesn’t pay ANY other liens from their proceeds, unless the auction price was More than their debt......and then anything above the judgment amount is not their money anyway, it goes to junior lien holders in a specific state mandated order, and if any is left over it goes to the borrower.On the other hand, if the Bank gets the property back at the auction, Then they typically pay these liens off, out of their pocket, so they can deliver clear title when Selling the REO.

There might be exceptions for EU passport holders and in certain locals to boost property prices. 

I have had a Self Directed IRA for about 5 years that has just been rotting...zero interest and a 3 digit account maintenance fee deduction every year by the holder.

The O.C.P. buys a contract...and the contract is nothing more than the right to buy the property if the holder of the option decides to do so.Simply put, the O.C.P. does nothing more than buy the option...which is the right to buy the house. 

In my area even if a housing authority doesn’t have enough budget to “absorbe” the recipient holder, they usually agree to all them to port and administer their process, as long as the housing authority they port from will carry the budget and reimburse the new HA.

Before reading your post, I spoke with them as they are used to doing Subject To deals and they said that the policy holder would switch to my entity name with the mortgagor's name as secondary - I am interested to see what their feedback is with your suggestion -- as your approach seems to send less "red flags".

Something about since he's only a Trustee, and not the actual Trust holder, that there seems to be the confusion.

It has no bearing on what price the lender will agree to.Points to know....First, use an Experienced short sale Buyers agent....there are just to many things to look out for in a short sale.Find out how many mtgs/liens are on the property....many times a buyer has to pony up extra money to satisfy a junior lien holder, above what the first lender will offer them.Assuming all paperwork’s has been submitted, expect 30-60 days for bank to do a bpo and accept=counter your offer.Submit a gc repair estimate with your purchase agreement.If the comps are $200k, you’ll never get it for $80k unless there is a serious documental $100k problem with the property.

Only the liens listed in the Foreclosure case are wiped clean.If you read the Foreclosure case's "Preliminary Judicial Report" you'll be much more educated about the home loan and can better guess what is owed to the primary lien holder.