Kesler, acknowledged “in the event that a mortgage loan somehow separates interests of the note and the deed of trust, with the deed of trust lying with some independent entity, the mortgage may become unenforceable.”’The practical effect of splitting the deed of trust from the promissory note is to make it impossible for the holder of the note to foreclose, unless the holder of the deed of trust is the agent of the holder of the note.

Two different questions.If the holder of any lien forecloses, that lien is wiped out.

Being a CCW holder does not make you superman.

I'll not consider the check book style SD-IRA because my view and maybe some FUD coming from a somewhat well known SD-IRA/SD-401k Attorney saying the IRS is moving to start auditing SD-IRA holders especially if they hold real estate.  

If the taxing authority does what they are supposed to and notifies the mortgage holder, then they get wiped out at auction.  

Also anyone know if VA loans have due on sale clauses, or is it a good idea to leave title in the mortgage holders name and hold a quit claim deed that seller signs, but is not filed, until I am ready to pay off the mortgage?

What Jay is talking about is the hypothetacation of loans, borrowing against another loan and is well known by banks, the credit is extended to the note holder, based on their credit and the note is pledged as collateral, the quality of the collateralized note is also considered as well as the security pledged for the collateralized note.

The only bank/lending institution that will be bidding at the auction, will be the one sending it to auction (or a junior/senior mtg holder)/

If the other deed holders thought you were trying to actively sell your deed they might get a lot more interested in paying you a fair price if you were interested in cashing out.

You'll need the owner to contract for major repairs as an option nor a lease (uness it is a commercial lease) may grant the power to contract whereby the contractor has clear lien rights, contractors may not deal with an option holder.