If a “due on sale” clause exists, and it does on almost all residential loans, the the note holder has the right to accelerate the note after transfer of title or transfer of any significant fee Simple interest.  

@Scott DeLucaGood comment on the 72t distribution option;however, it is not quite as advantageous for 401k holders since the 72t Substantially Equal Periodic Payment Rules do not permit distributions from qualified plans until the participant separates from service. 

As a patent holder, I know you know the value of proprietary information."

Jane A.A quid-pro-quo arrangement such as you suggest would constitute a prohibited transaction for an IRA holder.  

Kevin Moen  Not exactly true, selling part of your note, you're still the holder, you're guaranteeing the front end too, your risk in it isn't reduced, get some screwball investor in collections and your risk just went up too. 

Additionally, no commission will be paid to any such license holder representing his or her spouse who is a Buyer.

I have been told by borrowers that I could not buy the note without their consent.You'll find that most borrowers in small privately held notes are unaware that their note can be sold by the holder, but that lack of education may be changing with the advertising for notes and annuities like that on TV.

This means that lien holders will be paid from the proceeds of the sale, in order of priority (property tax liens are always in first position, then mortgages (in the time order they were recorded) and other judgments, mechanics liens, etc.  

All mortgages, HOA, 2nd lien holders, would be wiped. 

The mortgage holder of course has no liability to the tenants/others.