The building will be held in trust by the bond holders ($1000 shares so many bond holders).

One last note: OP needs to consider that a change in title holder name will NOT get around FIRPTA.

Here in CO, the second lien holder has the right to redeem after the sale.

Gundlach said he worries current holders of mortgage investments could be reluctant to sell at a loss now.

If your wife is a stock holder then you might want to partially pay yourself and totally pay your wife in quarterly dividends.

If the result of the foreclosure sale is the sale of the property, the proceeds first go to the foreclosing Mortgagee, then to other lien holders and finally to the borrower.

Unless terminated by court actions. :)It's entirely possible the original note holder abandoned all collection attempts post BK and is past the SOL on note collection in CA.

Would be Impressive for someone who had noschooling or licenses to sell or trade securities and overstayed his Visa whilelaying low and hiding from immigration until he could get married to a UScitizen for his green card.

OTH, the payoff is a bit of intelligence that may lead you to an offer, especially if there are other liens involved, a senior lien holder will be squeezing junior lien holders to reduce amounts needed to give clear title, you can see how the game may be played out.

Hello all, I've been through some flips and holds, I have come across a few deals where I had a title company draw up a form to where a partner syndication deal is in place their investment is secured and accruing interest as a lien holder.