The issue is however, if payments are still being made then the effect is the BK court discharges the debt from the debtors BK estate but the house can't get foreclosed on because payments are current. 

Hello all!I am in the beginning stages of "shopping" for a lender to purchase my first owner-occupied investment property. I do realize that every lender is going to be different and that there are a lot of factors th...

For those of you who were following this conversation, I wanted to update you on a recent change regarding this topic and how it will effect assignments in Arkansas.The originally proposed bill was pulled however during the last day of filing, when 558 other bills were also filed, this bill was proposed again.

And a really top quality investor ... before these laws came into effect you had good people ( i put myself in that bucket as I bought a couple hundred homes in Portland this way)  and bad bucket .. those that just got title and totally screwed the seller.

The security deposit and possibility to get prorated refund for unused days rent the faster they vacate is a very effective incentive!

I bailed them out of many of them.. but some were beyond help.So if I was in Chance's position I would want to know what effect RECORDING the lease option has on my Title and how long would it take to get it off how much would it cost etc These deals all sound great up front its what happens when they turn turtle that creates the havoc.

After close, since the tenant has no signed contract and is effectively month to month, you provide them a contract to sign with the rental amount as you would have charged for the upper suite and one that allows them to move back into the lower suite at a reduced rate a little higher than they were previously paying.

It caused a big fear there because so many people are dependant on the base and the people that work there.Loosing the base would drastically effect the economy and the factories dont really pay people very much on average.

@Jennifer Rysdam Unless a client is doing 100+ deals per year, the 'volume' factor is meaningless because I can't cost-effectively automate any processes to reduce my costs/time.

I guess this questions the effectiveness of my agent, and perhaps a more motivated/creative one would be suggesting this and carrying it out.....?