My mortgage holder has sent an email with a way to contact them if I were affected.

All it means is that now you can choose to take distributions from the IRA without a 10% penalty for early distribution.You can never sell a property from your IRA to yourself or visa-versa.You could choose to have a property appraised and distribute it in-kind from the IRA to yourself.  

VISA, MC, AMEX agreements are strongly in favor of the consumer.

If the answer is rehab, I am confused b/c your are a note holder not an owner and I do not think would be possible to either rehab or sell the house unless it is foreclosed on first.Am I missing a step.Thanks.

Rocky, it would be the loan holder's credit that would be damaged.

It is not something I researched.My point about mutual companies is that policy holders should participate fully in profits so their cash value and death benefits increase.

I have No intention of foreclosure on the individual if I could become the primary note holder , I am just interested in becoming the owner of the property.

Just as a sample, here are some Wells Fargo recent actions (even After all of the lawsuits and disciplinary actions)* https://www.complaintsdepartme...These are real people with real problems from the Really Bad Wells Fargo - "I have fraudulent charges that are on my Wells Fargo Visa card.

They form a special entity (usually LLC) called the Exchange Accommodating Title Holder (EAT).

After the fact the corp may have dissolved and distributed the property to the share holders.