My mother received a Notice of Trustee’s Sale from the HOA association for arrears and expenses in excess of $10,000 and it is scheduled for auction in a couple of weeks. At the moment her mortgage is $50,000 over ma...

In this case the remainder holder died before the tenant of the life estate.

It is AS IF a borrower were to hold a primary or secondary interest with a lender being a primary or secondary holder, not really who is on first, but shared and only to the extent of the terms of the security agreement.    

So, if you have to evict him, you run the risk of having a judge be sympathetic to him and thinking of him as an equity holder etc.I wouldn't touch this.

You can have a Lock Box Sale, Lock Box Lease, Lock Box Option and a Lock Box TIC.Since a sale contract, lease agreement and a TIC agreement can all require performance by the buyer, tenant or minority holder, agreements as to default and penalties can be incorporated.

As the landlord, you give it to whoever said it was theirs first-- and that's that.With respect to my issue with a landlord that hasn't yet evicted the tenant, is the only key holder to the property (tenant gave up keys) and won't allow me to enter and retrieve my property, there may be grounds for conversion or trespass to chattel.

As you educate yourself, the picture will become more clear as to which considerations apply to your specific situation.The key is that the plan is invested at arm's length with no direct or indirect benefit to the account holder or disqualified parties (largely lineal family).

In the case of wholesale reassignment, the first contract-holder never takes possession.  

Giving the get rich stuff in the paper game, charging for the education which was how to get the notes to show to them, they'd give a bid and then the note finder has to go back to the holder and go lower in the offer to make anything.As to buying and not knowing the applicable laws, say you bought a note for just 15K, you held it a few months and had problems and started foreclosure.

So that is why I like it when I am a seller.But as a buyer I like the additional rights afforded in California to the holder of a purchase contract.