@Yeng Hawj as borrower and title holder you already are the tax payer for that property. 

They notify the mortgage holder if you lapse.

The property has been foreclosed on by the senior lien holder which plans to sell the property.

We have an Ins Carrier that will put the tenant as insured but us as the 'mtg holder' per se so payouts go to us but NOT the claim.

I'll be checking these out for a funding source as part of my due diligence for real estate investing.I decided to forgo long-term care insurance because too many of these insurance companies went out of business and the policy holders ended up with nothing to show for it (health care inflation is much higher than regular inflation).

I'm in a compromising position because the title of the MH is under the owners name with me as the lien holder.

It becomes a security (another unnecessarily scary word) when you have one or more investors, members, share holders, or limited partners who's only contribution is financial and you assume all management decisions for their money.

When obtaining seller financing the possibility of a note holder willing to discount early is always there.  

They may not want to do the deal when they find out.If you want to offer a nominal amount the judgment holders might release their lien interests on the property for XX proceeds but reserve the right to pursue the remaining balance at a later date.This is different from releasing and settling to consider the judgment SATISFIED and paid in full.

I find it attractive but they are suggesting that the occupant (policy holder) will sign the lease and ALS will provide a Payment Letter of Commitment.