Once you do your 2016 taxes honestly, in Jan/Fed 2017, you will now have 2 solid years of honestly reporting your income to the IRS.Keep in mind that we aren't just looking at the net income number for self employed persons.

The bank/trustee normally has a field services company who secures the property, cuts the grass, etc. 

PAYING YOUR FAIR SHARE IN TAXES to local city gov't as well as the big fed guys.  

Also, depending on your business structure ( Corporations and LLC, LLP etc), you might need to obtain a Fed Tax ID # from the IRS.  

The Fed is considering the use of Negative Interest Rates here and seizing any savings not being protected by the FDIC limit, like they did in Cyprus, when necessary to save the Banks.

Pigs get fed.

So, a mortgage lender who wanted to redeem and then foreclose on their mortgage would have to also pay all of those sums.The exception to the rule above is local government liens, such as grass cutting/nuisance liens, demolition liens, fire dues liens, and sometimes library liens.

I'll pick a silly example, Curb Appeal (recall I'm B&H investor).Say I just love gardening and the yard is plain old grass. 

This company does not pay us wages, since we can take any amount we choose as distributions.So this is what our tax picture looks like:Wages  ----  line 7 on 1040 like any other W2 income + 15.3% FICA + 1.43% State Unemp + $42/person Fed Unemp.Income from S corp ---- line 17 on 1040 (could be profit or loss)Income from properties LLC ---- line 17 on 1040 (could be profit or loss)Those, along with anything else on lines 7-21 make up our total income.

Here's to hoping owners like yourself who are fed up with this, and people like @Justin Monday, myself, and certainly many other PMs who are thinking about how the current solutions are broken can push the industry to be better!