In my county there can still be liens, but typically the auctioneer with notify the bidders of any liens right before the property goes up for auction.Also in my county you can look up the case numbers and pull a PDF of the complaint filed and find out what liens exist.If you do buy something with liens you may have to do a Quiet Title Action with notifies all lien holders that they have so much time to come forward and request payment.

Also, after reading the link to an article you wrote regarding the myth "the insurance company keeps my cash value if I die" you wrote that should the holder live to normal life expectancy.

Policies shall be written to protect the PMIC in the same manner and to the same extent as to they protect the OWNER, and will name the PMIC as an additional insured or certified holder of the policy.

I agree with James..I should add that I do this only when I am the note holder..I am not working short sales.

Along the way, there were opportunities for short term stock traders to make profits buying and selling, but all buy and holders get anihillated.When I first got started in RE (in Detroit BTW), in the back of mind, I am thinking it is a solid investment because (unlike a stock) RE can't go to $0.However, in this new world, Detroit has proven that real estate can go to $0.Just curious your thoughts.

Many if not most states that sell tax deeds give the owner a period of "Right of redemption" where they can reclaim the property by paying the tax deed holder both the lien and interest and or penalties. 

Good luck with your strategy from a fellow biology degree holder!

After that, the tax lien holder can start a tax foreclosure that is a judicial foreclosure.

If you are talking about IRA LLC or Checkbook IRA the proper use of terms are as follow:You are the account holder of the IRAIRA will invest into the single-member special purpose LLC (essentially IRA owns 100% of the LLC)You are the manager of the LLCIf you are talking about another LLC that you personally own, this LLC not allowed to have any involvement with the IRA.

As I’m no expert but I’ll try to respond here... the quiet title action removes any remaining clouds/lien holders claiming ownership after you’ve obtained a tax deed.... provides clear title to sell the property, refi... obtain insurance, etc Essentially: “the reasons most tax liens need quiet title is the insurers worry that someone with a interest in the property was not properly notified.