Generally someone must actually apply for the overage, either as an owner or a lien holder, within a certain amount of time, usually 60 days or so..

The  money above and beyond the taxes goes to the homeowner or other lien holders in the chain of title.

The time limit, 60 days, is for lien holders, not the owner, to file a claim against the funds before they are distributed to the owner, assuming the owner files a claim for them at some point.

You take Title, and hopefully you do your own due diligence as required to make sure its free and clear of any other Federal / municipal liens etc.As mentioned, the Note holder maybe could go after the remaining $90k, but it has nothing to do with you. 

And if they can get paid off quickly for an amount less than the judgement, they will probably bid a lower number.2)  Additional lien holders would most likely get paid after property taxes, costs of the sale, and the first mortgage are paid. 

They send certified mail to lein holders and current registered owners.

Selling the property subto will not solve your issue, they will see you as a loan holder if they run your credit. 

This includes transfering the name of the LLC to the holder of the loan.

, but as one's net worth grows it's a consideration for many to seek the help of an asset protection specialist and set up trusts as holders of the LLCs in states like Nevada and Delaware etc..

The idea behind the law is to stop housing providers from being able to discriminate against voucher holders.