Another play for a junior Bene with 100% control of that lienholder position is to get tg he partners to assign their interests to you.Next, abandon the security by recording a partial reconveyance.Then, sue your debtor.The idea is to avoid getting wiped off if the sale of 1st won't produce surplus and still provide a future opportunity to negotiate with the debtor when the pressure is on and YOU have the upper hand. 

If he's got small amounts of debt, as you noted - I'm assuming we're talking some small credit card debt, or other installment amounts - those should either have been paid off already, or paid off with the income from the rental property. 2.

As you know all a debtor has to do is declare BK & the judgment becomes worthless.I want to make sure the is a complete file on the debtor(s) including social security numbers & a recent credit report.Thanks

Have you asked if they want debt or equity?

Through debtors anonymous I learned I did not have a "right relationship" with money and it's taken me a couple of years to finally identify the underlying issues.  

I would only ad that if the borrower thinks you are here to help them in any way, and is subject to foreclosure proceedings when in contact with you, you or your designee may be subject to licensure or, may be exempt from licensure provided they meet the exemption criteria.California is VERY pro debtor.

With a self directed IRA real property or notes can be purchased.Plans that rely on creating non exempt third party entities actually rely on the creditors limiting their asset search to obvious public records, and not further searching to see what entities the debtor may own or control.

Do you have any consumer debt or high interest debt?

I live in the Central Valley in California, and I’m not sure if it’s the right time to pay down debt, or keep investing.

Some people have low credit score because they have no debt or just starting out to build their credit.