Cities With the Most Undervalued (and Overvalued Housing".http://www.forbes.com/sites/erincarlyle/2015/06/08/americas-most-overvalued-and-undervalued-housing-markets-in-2015/2/

Of course the account servicer, such as Bank of America, may not know or understand that rule, but at least you would be legally in the right and able to fight them if they tried to accelerate the note.

Although I have spent most of my career in the Oil and Gas industry both here in America and overseas, I have always had a romance with real estate and have recently decided to jump ALL IN and am looking for like minded individuals interested in working together in the creative investment aspects of the business.

No it was Bank of America.

It completely changes how the underwriting of the loan is done which is why it's the most critical question to ask.As an example, if you go to Bank of America or you go to Chase Bank (they both sell loans to Fannie/Freddie) then the underwriting standards will be extremely similar (call it identical for most intents and purposes).

There are many abandoned buildings there and in short it is an area in decline like much of agriculture based rural America.

Bank of America issues deposit only cards. 

I am an investor and rehabber, I have personal investments in residential, but I currently work and have worked in corporate America for 10+ years in commercial real estate (I am currently the Controller for a pretty well known Brokerage/Property Management/Insurance group in Pensacola) and I love my "day job", but rehabbing commercials properties is where I am headed.

Just look around, everywhere in America there are $100MiM, $500MM, $2 Billion construction deals.

For me, it is worth it to be my own boss and steer my own ship and leave corporate America and not have other people dictate my destiny to me.