Checked the auditor's website and that Lien holder sold the property to another LLC in January of this year.First question is if it's reasonable to assume the LLC that bought the property in January knows about the sheriff sale on Wednesday?

Yet, at the one end of the mall, they knocked down one of the former anchor store's building and put in a large new supermarket and a large Menards store, along with some other small strip malls, fast food joints, etc. so there is some hope for the future over there.The condos can sure be cash flow machines as Dawn is laying out for everyone here, that's quite a nice return there!

Finding the section 8 voucher holders has actually been a lot easier than I imagined.

Could i possibly get a loan or something and make them first lein holder or and just pay them back when house sells? 

Then if you don't get it the excess funds would go to lower lien holders then the foreclosed former owner like any other one.

Caleb it takes these types of things money to rent the space, have food if any, and pay for materials etc.So those 200 buck things are likely breaking even.

 :)Now, a guarantee is best served by putting your deal under servicing, where a loan servicer collects your payment and pays the underlying loanThere use to be a service that advanced payments to sellers/note holders and underlying loans as payments were due and the collections were made from the borrower.

If so, I'd separate these amounts making life easier for the note holder and his tax guy as well as yours.

I don't necessarily disagree with this, either; however, that's also a measure dependent on the particular holder of said cash.  

Assignments are when the lender or note holder sells/assigns their interest in a note.The OP is the lender and note holder.