Hi real estate friends,My wife and I recently bought our first home in Co springs area close to garden of the gods and other attractions in the area. to no surprise our interest rate is a whooping 7.1%, the main house...

What we typically do during this time of year on our owner occupied non performing loans is not perform any legal actions between thanksgiving and christmas. 

Conventional non-owner occupied loan. 20% down.What was the outcome?

Hey Jerryll,Apologies as well, to clarify my post, the property is currently still with the owner (off-market) and I reference the information on the MLS since it is the information that's currently available to the public, so just providing a frame of reference to support the info in my post.

There is zero demand from owner occupants and little to no demand from local investors. 

The area tends to be more owner occupant friendly rather than renting.

Elimination of title means that the owner has made the mobile "permanent" by removing the wheels, placing the mobile on a foundation, putting skirting around the mobile and filed the correct paperwork.

Im back on bigger pockets after a long hiatus; trying to start up a STR from a owner occupied 2 family home with intent to advertise on furnished finder. 

How did current owner finance the property or were they unable to finance the property due to the encroachment and was this information withheld in disclosures? 

Hi fellow investors,I have several owner-financed mortgages in my portfolio with interest rates of 10% and higher.