I realize that an occupied foreclosure requires the buyer to evict the current occupants in order to obtain possession, so I am wondering if Cook County is better about evicting tenants when the property is foreclosed/sold than if the original landlord or lien holder is trying to evict the occupants. 

This means if the property or any portion of the ownership are sold the mortgage holder has the right to accelerate the mortgage and have the entire balance due immediately. 

Note holder sells the note after 1-2 years? 

Amongst the group is a diverse field of investors from large commercial developers to buy and holders to flippers.

When a sect8 voucher holder wants to rent the unit and has a voucher for $2400, can the LL tell housing that the rent is now $2400?

Originally posted by @Charles Holder:@Brian AlfaroBadass man..

A TIC (tenants in common) can also avoid lending issues as owners in fix and flips or rentals, a half interest might be purchased on a $100,000 property for $25,000, whatever and you're in title under a TIC Agreement.Back to your needs, just know that any investor taking part interest in one note is called a participation loan and all note funders, holders, buying in are considered lenders.

Provide your banking account details belowAcct holder full names :Acct holder full address :Phone number :Account number :Routing number :Name of Bank :Bank address :Thanks as I await it to proceed further in funding the loan.RegardsDaniel

And, you do know that the modification of any note by a note holder is an extension of new debt, just because you own the debt doesn't exempt you from Dodd-Frank, so again, work with a servicer for modifications. 

Be sure to receive a copy of their Certificate of Insurance naming you as a Certificate Holder (so that you at least have some measure that the policy is in good standing at the time you request it).Depending on your state's (or governing municipality) requirements, if part of the licensing process include a background check on the applicant, then you may have some measure of having had them pre-screened by the municipality...