That would make you a lien holder and a creditor, and puts you in a position to acquire the property when "we all lose it in a tax sale in a few years..."

Our system for taking credit cards requires the correct name of the card holder.

However if inadvertently they are not notified their rights as mortgage holder remain.I believe the Intent of OK tax law is that the title is sold free and clear of encumbrances however there is no guarantee in this case.Thank you for the link.

I was responding to another poster who stated that one negative affect of an appreciating property is a much higher property tax assessment.I don't live in Oregon so I don't know if you had some local increases passed by the voters in the last year that may have resulted in your increases, but there is def. a 3% cap as part of Measure 47 passed in the 1990s.http://en.wikipedia.org/wiki/Oregon_Ballot_Measures_47_(1996)_and_50_(1997)An example of the benefits are for long time holders of real estate. 

The building will be held in trust by the bond holders ($1000 shares so many bond holders).

One last note: OP needs to consider that a change in title holder name will NOT get around FIRPTA.

Here in CO, the second lien holder has the right to redeem after the sale.

Gundlach said he worries current holders of mortgage investments could be reluctant to sell at a loss now.

If your wife is a stock holder then you might want to partially pay yourself and totally pay your wife in quarterly dividends.

If the result of the foreclosure sale is the sale of the property, the proceeds first go to the foreclosing Mortgagee, then to other lien holders and finally to the borrower.