He advised us to put a second insurance policy on the property in my name and leave the mortgage owners policy in place as the change in insurance and policy holder is a red flag for the mortgage company.  

Lender is asking to be listed as lien holder as well.

Generally someone must actually apply for the overage, either as an owner or a lien holder, within a certain amount of time, usually 60 days or so..

The  money above and beyond the taxes goes to the homeowner or other lien holders in the chain of title.

The time limit, 60 days, is for lien holders, not the owner, to file a claim against the funds before they are distributed to the owner, assuming the owner files a claim for them at some point.

You take Title, and hopefully you do your own due diligence as required to make sure its free and clear of any other Federal / municipal liens etc.As mentioned, the Note holder maybe could go after the remaining $90k, but it has nothing to do with you. 

My son purchased a Visa card, thinking it could be used anywhere and at any time.

And if they can get paid off quickly for an amount less than the judgement, they will probably bid a lower number.2)  Additional lien holders would most likely get paid after property taxes, costs of the sale, and the first mortgage are paid. 

They send certified mail to lein holders and current registered owners.

., about Akiyas in Japan.One of the requirements for a Japanese's Business VISA is 5M yen, or about $30k proof of capital for the business.