I guess one shouldn't be surprised, it is a bit like asking a home brewing club if one should be a teetotaler.I'm going to play devil's (or Ramsey's) advocate here (again).The fact that the OP is still complaining about school loans after 15 years of practicing is a red flag that he might not have control of his personal finances.

I am answering the OP's forum question in the spirit of candor and transparency. 

Do you have any experience with credit card laundry machine vs. coin op?

I don't know if the OP is in Cali, looks like he's in WA state and I don't know if they use an AIDT.

I totally agree with the OP.

Let's op back to the page 2 of the fundamentals of RE, the concept of ownership and the description of RE.

However, the OP concerned title and lien problems, in particular.My point was really only to raise the consciousness of a would-be bidder that there are plenty of risks to consider and that a newer bidder needs to be aware that games are played by other bidders.As far as the collateral (for which there is occasionally more than one property!)

Regardless, they aren't giving the surplus to the senior.I'm not giving legal and am providing an opinion and,  I'm basing my opinion on assumptions and statements made by the OP. 

The only reason I'm posting is because this was already bumped up, so my post isn't bumping this too much at all.I see the OP has never chimed in, yet she got her 100 post thread award, LOL.This RE "Investor" industry is packed full of "educators", gurus, wannabe gurus, mentors, coaches and other leaches.The mentor/apprentice scam is centuries old, the master/apprentice approach is alive and well in various industries, take a plumber or electrician or a doctor or an attorney.

I am in the same boat as the OP, getting a residential mortgage so stealth transferring the deed to an LLC is not a desirable choice.