In fact, the lien holder is not allowed to touch the property for a year.

Imagine coming off a 12-14 hr night shift in the ICU and your tenant emails/texts complaining about a broken toilet paper holder...or how they locked themselves out of the house.I think the two greatest skillsets I could have benefitted from but never got around to are sales, and software/coding.

When a borrower quit claims the deed it does not wipe out his note - only paying it off does.The note is securitized by the mortgage / deed of trust so basically whoever he quit claimed it to just got a house with major title issues.If the borrower is not paying that loan the 1st note holder can continue to add penalties and late fees etc and any legal.

I realize there are other ways to get asset protection but an umbrella coverage has some advantages including the insurance has a big stake in any legal action, you are protected to the level of the insurance so no worries, and there is no need to try to maintain separation of funds.LLC will cost $800/annually tax, can be pierced if there in not good separation of assets, likely will not spare you from being named individually in any law suit, and there in no other significant stake holder to assist in the legal battle.Good luck

Hi,Looking for some advice related to immigration law and RE investing.I'm employed in the US on an L1 visa.

I have a clause in the promissory note, in cases of default, i will become the lien holder for the underlying property.

I also keep either a Visa or MasterCard for companies that don’t take Amex  I change this card yearly for the points bonus. 

There could be a junior lien holder who wasn’t named, unrecorded code violations, etc.

Things that can be issues; superior liens like IRS liens, Inferior liens or judgment holders who were not notified, or even the quality of the title the previous owner had.

what specific information is included in the notice of tax sale to lien holders, just sale info, or amount to redeem also ?