All deeds and liens have to be filed in public records at the county courthouse where the property is located.

Laws differ from state to state, so I would check with your State's Authority on Mortgage Lending.Assuming that you would be recording a new security instrument, it sounds like you would be REFINANCING those non-performing notes.

I would check the county records and try to find the owner of the property.

Well you can find out if it has a first lien on it by searching for the prior owners name in the public records at the county clerk's office.

check public records - lis pendens

for the record, I want everyone to know that I cooled down a full 24 hours before responding to the question.

4) Why do other investors suggest always use a landtrusts for the homeowner in preforeclosure and he orshe is the beneficiary of his own trust5) to protect ourselves as investors to do a 2nddocument which is called an assignment of beneficialinterest of land trust what is the purpose this 2nddocumentThis 2nd document shall not be recorded in publicreocrd of any county and you have him sign thisdocument over to you as the owner, he assign to youone hundred percent to you, this document does notexist until everyone signs it, as long it is notexececised it does not exist, both top parts aresigned not the bottom, then what happens afterwards doyou have to pay tax twice6) what do you afterwards you set up a land trust doyou do a short sale, do you record the land trust, itor do you do something else

Yes you can get these names by searching public records.

The assignment would be the preferred method because you're never going on record as the owner.

Just good records and a level head.