Failure to pay rents in full as such become due shall constitute default under this lease agreement.I only had to assess fees twice as I recall, I'd usually call them, have a nice minute of a chat then remind them of any deficiency.

I get that one mechanism that the banks have for reducing the likelihood of his happening is that they can pursue deficiency judgment.

I am also worried about deficiency judgements.

The seller agrees that they may not claim any interest payments beyond closing date in the amount of ___ for the tax year 2015, and that they will forward all 1098s received within 10 days.7) the buyer is under no obligation to pre-pay or refinance the existing loan in any circumstance.8) seller agrees not to enter into any agreement with the lender dealing with payment of principle or interest9) the seller releases all financial interest in the property, not limited to insurance payouts, refunds, escrow accounts, future sale of the property, etc...10) that no part of the document will be construed as a personal liability to the lender, and doesn't modify the seller's obligation to the lender.11)indemnifications, severability, governing bodies, heirs, singular and plural, voluntarily and knowingly, blah blah blah.Disclosures1) Defined the exact nature of the transaction, purchasing the property, not an assumption, lender does not consent, etc...2) We stated that the lender WILL find out, and the risk was not in discovery, but if they decided to accelerate the loan.3) That the buyer could lose all accumulated equity if unable to prevent foreclosure4) That without a formal payoff that the Buyer is taking risks that the loan amount is what it appears.5) That the seller's credit rating could be affected by a payment default6) That, in the event of foreclosure, if the seller wanted to protect their interest in the property they would have to pay the full amount to the lender, that that a foreclosure by the lender would leave the seller with no recourse against the property.7) That the seller may be held personally liable any moneies resulting from a deficiency judgment if the lender didn't recoop their entire balance at foreclosure saleAlong with some other legal mumbo.

It is there to cover repairs, cleaning, outstanding utilities and other deficiencies when the tenant moves out.  

That deadline starts ticking the day a Notice of Deficiency (results of the audit) are sent to you.

Florida Statute 689.25 states:(1)(a) The fact that an occupant of real property is infected or has been infected with human immunodeficiency virus or diagnosed with acquired immune deficiency syndrome is not a material fact that must be disclosed in a real estate transaction.

Miller,Well, I would expect most investors look for an agent/broker who is comfortable submitting numerous offers well below market.Naturally, not just low offers for the sake of low offers, rather the offer would be based on the condition of the property and would include justifications (deficiencies in the property detracting from the value).

The contingency reserve may be released only if required, necessary, and unforeseen repairs or deficiencies are discovered during the renovation.

Note Rehabbing - Buy notes and work to enhance the return (incentivize early payoff, take non-performing to re-performing, cure paperwork deficiencies, hardest hit funds, etc) for higher returns. 4.