Problem is the mortgage hasn't been paid in about 15 months.

If you had a mortgage you only be paying a small portion to principle.

Also HELOCs can get shutdown fast if markets correct where as a fixed mortgage they can't undo the debt.

Are trusts able to hold mortgages like an individual or would we have to acquire a traditional commercial mortgage?

I am completely and totally hooked on the power and life changing ability real estate investing has, and it happened by accident, sort of.I bought my 1st house like most young people with an FHA mortgage, in 2015 with my beautiful wife. 

I do know banks won’t provide mortgages for properties that are tagged as grow ups even if they were properly remediated.

But if you have cash, I would look at being the money partner and do some joint ventures with some experienced flippers or maybe even lending as a second mortgage holder.

I got a 30 year mortgage on an out of state investment mortgage, but my income was able to qualify me for the payment.

And a mortgage lender, referral from the HML that did the purchase loan helped me on the refinance.

and more important can I contact them and try to buy the note or the mortgage??