Not sure why anyone would create the instrument for no gain.

In a blow to our operation, our handyman, who had been instrumental in renovating units and handling tenant work orders, who had a lifetime of experience in the type of work we needed, was diagnosed with cancer in the spring and passed away a few months later.  

The list goes on and on.These commercial loans are serious instruments that you must have an exit or Refi strategy to succeed.  

Real estate also isn't a financial instrument to most of the bidders for smaller density housing.  

and blah blah blah...Fact of the matter is, I learned that the snowball method is a good methodology, but I don't follow the steps in the exact order he does.His steps1 )Set a baby emergency fund of $1K2) Pay off all debt except mortgage3) Save 3 to 6 months4) Invest 15% into Roth IRAs and pre-tax retirement instruments.5) Fund college fund for kids6) Pay off Mortgage Early7) Invest and GiveMy Steps?

I believe this is because they are such poor instruments for long term wealth that they were still on the table and priced cheap respective to the SFH markets.

Not only that, but lending to the poor also became a qualification for take overs and mergers, if you had not lent enough to the poor, then a take over would be blocked.So in one stroke, ability to repay took second place to other things.Mortgages were then made, packaged up into so called bonds and sold to investors (not re investors, but people like pensions companies etc).In 2006 a lot of these packaged mortgages were found to have deficiencies, eg people not repaying, and the investors holding these investments started disposing of them.Banks were asking accountancy firms in the City of London and Wall Street to start unpacking each one of these instruments to redo e paperwork and pull out the bad loans and then repackage them.The Banks were offering in London £50,000 to redo one of these bonds (for a better word) and offer insurance on the bond after it was repackaged, the auditing and accountancy firms asked for £250,000 per bond and no insurance. 

I'm in Oklahoma and after my second buy and hold I ran into a situation of needing 9 piers. 1st two were quacks and the last one came is with the instruments and figured on site the number needed.

Here is the strange part though, I searched the property records and the deed instrument number being auctioned appears to be associated with a HELOC (Home Equity Line of Credit) that is tied to the original mortgage.  

The following activities of a foreign limited liability company do NOT constitute transacting business within the meaning of the New Mexico Limited Liability Company Act:a. maintaining, defending or settling any proceeding;c. maintaining bank accounts;e. selling through independent contractors;f. soliciting or obtaining orders whether by mail or through employees or agents or otherwise, if the orders require acceptance outside New Mexico before they become contracts;g. creating as borrower or lender or acquiring indebtedness or mortgages or other security interests in real or personal property;h. securing or collecting debts or enforcing rights in property securing debts;i. investing in or acquiring, in transactions outside New Mexico, royalties and other nonoperating mineral interests; executing division orders, contracts of sale and other instruments incidental tothe ownership of such nonoperating mineral interests; and, in general, owning, without more, real or personal property; j. conducting an isolated transaction that is completed within thirty days and that is not one in the course of repeated transactions of a like nature; ------------Nor shall a foreign limited liability company be considered to be transacting business in New Mexico solely because it:1) owns a controlling interest in a corporation or a foreign corporation that transacts business in New Mexico;2) is a limited partner of a limited partnership or foreign limited partnership that is transacting business in New Mexico; or3) is a member or manager of a limited liability company or foreign limited liability company that is transacting business in New Mexico. ----------------------------------------* as per note above:b. holding meetings of its members or carrying on any other activities concerning its internal affairs;d. maintaining offices or agencies for the transfer, exchange and registration of the foreign limited liability company’s own securities or interests or appointing and maintaining trustees or depositories with respect to those securities or interests;k. transacting business in interstate commerce"