I asked this very question to former head legal counsel of well-known title company here in CA.His answer: “It depends.”That was helpful.As the prior poster indicated, each of these cases are unique and have their own facts and circumstances.

I've been watching a lot of videos, listening to podcasts, and reading books to educate us on real estate investing.We are in the process of seeking an agent as well as mentorship from seasoned professionals to navigate the complexities of the market today.

Stick or block, 2/1’s, 600-650sq ft, and very well done. $110k for stick. $130k block. 

He is my neighbor and friend, so at least I know him well as a person.

This isn't like a court battle where everybody has their back up against the wall ... trustee and lender may be willing to work with you.As the property owner you have the right to protect your interest by reinstating the existing loan, that's not to say the lender, after reinstatement, can't start a new foreclosure based on a violation of the due-on-sale clause, but may not. 

While they require you to use their system for your comps, which is the ones they use for the comps as well, they ignored those as well and used ones that were far removed from the property i.e 3 to 5+ miles from the property and not very similar at all, for the loans and will often "move the goal posts" on the deal and add more requirement's that they never told you about even when you ask what the requirement's are.

I have a feeling they are going to try to push me into a dual agency spot and probably make me use their title company as well.

I'm sorry but Any professional who thinks they should earn $300 - $400+/hour da%^n well better provide that level of service. 

Contact the Federal Trade Commission and the Consumer Financial Protection Bureau. 

I see so many articles about the protective benefits of doing this, but my lender (and other lenders I've asked) say that residential mortgages cannot be held under LLCs (only commercial mortgages can), and that doing so can cause your entire loan to be called at once under penalty of foreclosure.