If the property owner does not pay, the recourse is for a tax lien holder to foreclose. 

Line 520 is "total reduction amount".... this the total of closing costs, commissions, payments to other lien holders, etc. 

First of all, if the issue is a lien or judgment that is attached to the property, it may be possible to contact the lien holder and ask for a release of lien.

A year later I located the person at the city that had the information about the lien holder that I was not able to find on my own.I still don't have the final bill from my attorney for the foreclosure.

I should be getting the word out there to distress property holders en masse that I am in the market and let them come to me rather than scouring and cherry-picking pre-foreclosure lists.2.

He is an FFL so bullets are half of retail too :) I carry +P loads in some guns and always hollow points of course.

Just food for thought.In addition to HML, there is private investors such as IRA holders (self-directed), people with $ in CDs earning tiny returns (compared to RE), family, friends, associates, etc.

The trustee sale wipes out subordinate liens(loans) and the proceeds go the the primary lien holder.

The borrower may obtain one such postponement.ReinstatementDebtors may reinstate up to five days before non-judicial foreclosure sale.JuniorJunior lien holders may no longer redeem, so they may try to protect themselves by (1) advancing funds to bring the senior loan payments current, then foreclosing for the sums advanced; (2) bidding at the foreclosure sale so the price will be sufficient to payoff the senior and the junior liens; or (3) acquire the property by bidding at the foreclosure.

I'm asking if anyone here makes loans that are Deeds of Trust, in other words they are written up that way...as Deeds of Trust....recorded at the county as such.In my mind when you are loaning private money in small amounts....the only way you can be protected from being in the second position (and ultimately thrown out if foreclosure occurs) to the 1st mortgage holder is to write it up as a Deed of Trust.