Linda, form 5498 is applicable to IRAs only and is filed by the custodian when account holder makes a contribution to an IRA.

Changing the structure of an existing multi-IRA owned LLC where some of the IRA holders are disqualified parties to each other is very challenging.  

I've talked to my mortgage holder about this and he said I could save about $40 a month doing the refinance, with no out of pocket costs, so it's definitely something I want to pursue.

Is the county recognized as the first lien holder and city as the second lien hold since they are both forms of taxes, just different bodies?

I'm in somewhat of a unique situation - I'm currently looking to make an investment in a residential property as a permanent resident / green card holder.

As long as the lien holder was served, I believe it gets divested.

We are not US residents or green card holders.

Woopie we were 4 th in line and the first lein holder was foreclosing so we got nothing .  

If they don't, then your whole deal is blown while you try to go through some lengthy process to find out who the note holder is.Seems counterproductive.

I was just pointing out to the poster the concept of investing inside an SD-IRA; no withdrawal is required to invest as the holder can direct the custodian to make permitted investments.