Assuming the holder of the note was never notified, the note hasn't been updated. 

I may, but don't hold your breath, but you did give me an idea for a blog on my site, thanks again.I just lost a long post explaining how to use a loss payee in your contract rather than changing policies, it helps avoid the due on sale issues as a lien holder.

I have no sort of work/study/etc. visa for USA except a regular 10 year travel visa.

Now if this is an LLC that was just formed and is not a deed holder entity, that's a different story.

The certificate holder will earn interest on their investment at a predetermined rate and has the right to foreclose on the property if the property owner does not pay the taxes owed within a certain period of time.6) If the property owner does not redeem the property within the redemption period, the certificate holder can take ownership of the property.

@Michael Nelson a refinance is an exit in a similar way that a sale would be and typically your note with your HML would stipulate that upon any sort of "exit" where another lender takes 1st position and owns the note or a seller buys it that they would need to be paid in full as the current 1st position lien holder.

I ALWAYS tell the wholesaler to make sure they are transparent with the end buyer and their lender because MANY times if they aren't transparent about the double closing then the underwriter will catch it last minute and bring up the fact that the current deed holder isn't the wholesaler and that will kill the deal many time.There are some underwriters that don't catch it and things go smoothly.Then there are some conventional lenders that aren't familiar with the process and think it's fraud and won't lend on it.So sometimes I inform the wholesaler to let the end buyer go direct with the seller, do a single closing, Increase the purchase price by the amount of the wholesalers spread and put the fee on the SELLERS side of the HUD because the lender WILL NOT pay for the wholesalers fee, but if it's wrapped into the initial AB contract (now between the seller and end buyer) then the wholesalers spread isn't brought up, it's merely a line item on the SELLERS side HUD and nothing to do with the conventional lender and it will close "100%" of the time because it's a normal ordinary closing to that lender then.

I know in Texas the original owner has the right to reclaim the property for up to 2 years by repaying the lien holder what it was purchased for at auction. 

Put on top restrictions on foreign worker visas, fewer international students coming to the US, you can start to see a new trend emerge.

Market rate in 60653 is around $2,200/month for 3 bedrooms making it unlikely landlords would accept a voucher holder.