On top of all this, the virus is expected to be around through the end of the year, plus we have an election cycle in November!

Not in an election year.

@Juan AguirreBuyers may also enjoy several benefits should they elect to buy an owner-financed home, such as:Greater access to financing opportunities, especially for low-income buyersLower expenses associated with closing costsMore flexible agreement termsPotential for no PMI premiumsMore accessible for those with poor creditGood luck!

With that said, I don’t believe we will see dramatic changes in the economy before December due to the upcoming elections, so you probably have time to get out while you can.

These are elected officials with an incentive to help the citizens of their city.

fyi:  a LLC is still a pass through entity unless it elects to be taxed as a C Corp... 

You can also go the LLC route with S Corp tax election and accomplish the same thing.

The trustee under the deed of trust records a Notice of Default and Election to Sell (“NOD”) the real property collateral in the public records.

The IRS has first right of refusal and if they want to pay off the foreclosing entity's lien, they can elect to do so and then take the property.

I would send an email to the president of the company or bank manager to simply let them know that they lost an investment partner over a $5000 hold and that you will be sure to tell every real estate investor you know that they are not an investor friendly bank.