I'm sure the procedure is they will call their local REO agent contact and list it, when they feel like it.

Any attempt to make a mechanical procedure that is one-size-fits-all would be an exercise in futility.

The procedure involves some paperwork and a certified letter to the last known address of the owner of the home in question.

We don't know your procedures there, it sounds like you have a Lien, that you would have to foreclose on/go to court, in order to receive actual title (deed)?  

Please do NOT rely on suggestions from this blog ... that is if you want to be sure you are following all federal and local laws and procedures and that your investments/money are secure.Hiring a lawyer may be much cheaper than the alternative.

A foreclosure procedure would almost certainly require notification of the underlying lender, and they may choose to start their own foreclosure, even if you're making the payments to them.

I've seen good tenants start out really great and then six months or a year later just totally flake out.Whether you blame it on global warming, drinking the local water or mental illness it's just part of the biz and you follow procedure.

I am currently spending a lot of time educating myself about notes, and there is certainly a lot to learn about the legal procedures involved.

My new procedure is to tell them I have $150 budgeted for cleaning and they can either (a) accept the cleaning crew I normally use (b) keep the money or (c) hire their own.  

Always bring a solution to their concern.Being mindful of your new employment, I would suggest keeping it while you adjust yourself and gain experience in the RE market.Depending on your broker, more than likely you will go through a series of training procedures before letting go of the reigns.Being nervous is understandable, just don't let it prevent you from accomplishing what you worked for.Anybody here can offer advice but you will never know unless you take the risk..Best of luck!