And then in 2018 the city filed a "instrument of taking" naming BOA for a couple thousand in back taxes, but never did anything further.So many questions on this.

@Steve K.100% agree which is why I am against people doing seller financingThey are investing in a security instrument that is typically over leveraged because they may sell a $200k home for $220k, and get 7-8% taxed at ordinary incomeI can invest in other investments and get 8-10% taxed as qualified dividends or get depreciation and have ltv’s below 70%… throw in these borrowers are typically not underwritten properly and have a high chance of failure and I scratch my head why people think this is a great ideaI think a lot will learn the hard way in the next 2-3 years

If they know you're legit they are dealing with houses all the time all day every day they typically know the back story of many local houses and can be instrumental at finding you potential leads and also if you really get a good relationship with you they can give you loads of advice and tips. 

foreclosures of mortgages are either judicial or trustee or sheriffs sales using the power of sale in the debt instrument. in this case you have no debt instrument to foreclose on.

If the lender in this situation is one of those, and they find out, it could throw the 1st lien into default for not abiding by the terms in the promissory note/lien instrument.3.

If all or any part of the Property or any Interest in property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument.

Such would be instrumental towards commanding top rental returns, minimizing taxes and establishing better operating procedures.So far, I have gone to two of my local banks but they refused to do business with me since I do not have two years worth of tax returns. 

And it is clearly in most of these instruments an event of default and the lender as you say ( may at their sole discretion call all sums due and payable and not accept anymore payments on the note).

(not that I even know either of these two men, it's just a made up conversation for illustrative purpose).That have to stand before the court for doing advertising outside their "Relm of Expertise" on a (I think) what is a non-financial instrument in the USA might not amount to anything other than attorney fees.I pulled from the internet: Cryptocurrencies are not financial instruments under U.S.

I knew next to nothing and I certainly did.Another piece of the truth is that some people are simply eminently unsuited to investing in mutual funds.