Welcome aboard Dave, a wealth of information is contained on this site and a ton of very knowledgeable people.

Because of this, renters would have access to classes, gyms, food, even a downtown area containing bars and clubs.

This was very helpful recently for me, as one of my homes caught fire a few months ago.The fire was contained to the kitchen, and it was the tenants fault.

And yes, the below-market leases absolutely survive the sale unless the leases give you a right to terminate or contain some other non-standard term.

Sorry I heard it on an episode of kitchen cousins and couldn't contain myself.

Especially, since Matt included the language contained in the same statute which details what an agent must do (disclosure as an agent) when buying for their own account.....which is not the same procedures spelled out in the originally referenced section(when approaching as an agent for a listing).Patrick, if the reference "it's the "knowledgable" ones that give us a bad name", was directed at me, you don't know me that welI, I wish all agents as a whole had a higher standard of business practices, and knowledge.

No note or mortgage instrument I've ever read contains such a provision.

I think Bill's confusion comes from being familiar with a combined PA containing the escrow instructions or his forgetting that the escrow instructions are just a contract telling the escrow agent exactly how to transfer title and under what conditions.

POSTS CONTAINING SOLICITATAIONS TO BUY NOTES WILL BE REMOVED.

The "option" linked by Brian is an attempt to circumvent the due on sale issue, but 1. it's not a true option as it contains a contingency on performance, an option can not be contingent on any matter, and 2. there is no guarantee that a lender will buy the idea as not giving an equitable interest to the optionee.