Washington Federal is probably one of the larger portfolio lenders in Utah.

Each state has different nomenclature for the following information - I am using the nomenclature used in the state of Ohio....If a case in the Supreme Court of Ohio decides a matter and has not been overturned by a federal court, a more recent ruling by the Supreme Court of Ohio, or by a more recent statute directly on point (which means you shouldn't be looking at this case anyway) - then the case controls how this matter works throughout the state (generally speaking)If the Supreme Court has never addressed the issue, then look to one of the Appellate Courts in Ohio.

If a bank has tried to reach the owners for negotiation on the default (per federal ruling) and they are getting no response, or they have been specifically told by the owners that they have abandoned the property, the bank will post a notice stating the abandonment.

Sure if the mortgage company is not indicted on federal charges and its owner sent to prison for 11 years.

If this is a Section 8 tenant who wants to do a contract for deed (yes, there is a program according to this Federal Reserve Bank of Minneapolis article) make sure you know the guidelines of the program.

(this is usually NOT the best course of action)All the attorney will do is hire a collection company that has more bark than bite and rarely collects any money.The other option is to use a judgement recovery company.They usually pay the court costs and filing fees and then split 50/50 of whatever they recover.Sometimes they will buy the judgement outright for real cheap.In this case you get your cash right away and move on.Judgements depending on the smarts of the tenant can take 3 months to years to collect.Some tenants are judgement proof.This can happen when:1.The funds are retirement funds in a bank or social security where money can't be taken.2.The tenant works a job where their income is at a level where they cannot be garnished by Federal Law.Even when you can garnish you can only take 25% each time.If their are other judgements already garnishing then the 25% gets split up among the garnishments.85% of judgements never collect a dime because of the work involved.Even if the judgement company you employ chases the tenants for money the tenant may pay or they might just file BK if they have other debts.A chapter 7 costs thousands so it would depend on their other total debts and how much your judgement is for.This is why it is important to carefully screen tenants.They need to have good credit,a good job with long work history,etc. or something where you know you can collect if they default.If you have multiple tenants staying in one place and they all make minimum wage it will be hard to collect on them later versus one person showing great income.Hope it helps.

On a one-off basis, a rental property qualifies at about $100k, will see about $5k in federal tax savings, and the fee will be $1500.Bryan Hancock, you obviously haven't dealt with a reputable firm, or 300% ROIs simply don't whet your appetite...either way, your pencils need sharpening.

Do yourself a favor, ask a Federal white collar criminal defense attorney.

This is just based on Pennsylvania's attempting to comply with the Federal SAFE Act:http://www.parjustlisted.com/archives/1371

Also, hyper inflation will be accompanied by high unemployment and a bankrupt federal treasury, so both private pay and Section 8 renters will be squeezed due to lack of wage income and lack of govt money.