This can get into SEC requirements and you'll often find that they may have a solution to defaults or demands for capital by substituting notes or collateral, this gets pretty much a scam as no note is identical to another, substitution with consent is one thing, substitution at the option of a lender/broker with a note holder or investor should not be agreed to.

Hi all, I've negotiated a deal through a third party to purchase a property that has been foreclosed upon by the tax lien holder.

I can get away with owning them in several states because I own the parks there and hold notes... even being a pretty advanced note holder, I do not have notes more than 1/2 hours drive from my home.

Dan, you don' need to make payments on a note if they holder dies,No!

"Any notice provided for in this chapter shall be served either (1) by delivering a copy personally to the person entitled thereto; or (2) if he or she be absent from the premises unlawfully held, by leaving there a copy, with some person of suitable age and discretion, and sending a copy through the mail addressed to the person entitled thereto at his or her place of residence; or (3) if the person to be notified be a tenant, or an unlawful holder of premises, and his or her place of residence is not known, or if a person of suitable age and discretion there cannot be found then by affixing a copy of the notice in a conspicuous place on the premises unlawfully held, and also delivering a copy to a person there residing, if such a person can be found, and also sending a copy through the mail addressed to the tenant, or unlawful occupant, at the place where the premises unlawfully held are situated.

A: All the rights of the original note holder.

The bank (mortgage holder) will have first claim to any value held in the home, leaving only your equity as a lawsuit target.  

As a certificate holder,you don’t “file for a deed”....a certificate gives you no rights for the deed.

Most owner finance holders don't go over 5-7 years, give or take.Good luck!

He also said many times it would be settled for a fixed amount that was agreed upon between the deed holder and the IRS without finding a buyer.