The use of this would be to help a buyer with continue with a purchase if he did not have enough of a down payment to meet the senior lien holders requirements for funding.If the buyer's first position mortgagee requires an LTV of 75% but the buyer only has 10% for a down payment, the buyer asks the seller for a purchase money mortgage of 15% to make up the difference.

An IRS lien can be removed from a subject property through a foreclosure process by a senior competing lien holder, provided specific steps are taken to notice the lien and claim priority.  

I think, that it was shady to put renters into properties that the lien holders had before they had a marketable title. 

The courts have decided to allocate the loss across every account holder by taking 10% of their funds to cover the loss.Yep, it sucks, but here we are.Here is the advice I need from you seasoned SD IRA pros. 1.

Also, a real estate management company is not a loan servicer, an escrow company may accept a few payments into escrow they don't do loan servicing.Flipping a financing contract or assigning a loan from a holder to a new borrower can be a brokering function, you're not a licensed mortgage broker I'll bet.

Also http://www.myfloridalicense.com/dbpr/reg/UnlicensedActivity.htmlI think the verbage is "guilty of having operated as a sales associate without being the holder of a valid and current license" Typical Penalty: fined $500, costs, 90 day suspension, 6 month probation, attend one 2-day FREC meeting.

You are however putting junior lien holders at a higher risk and your state regulators may require that you carefully qualify your investors.

So, I believe a HELOC was taken out to finish the basement.The bank approved my offer within 30 days (incredible) but the deal almost fell through because the 2nd lien holder wasn't notified of the short sale.

Purchase a $1m, decreasing term insurance policy for 30 years and make him the lien holder the beneficiary.

If the property is worth less than the 1st mortgage, it may not sell at auction unless the lender agrees to accept less than what is owed, in which case the 2nd mortgage holder will get zip.