Those tenants are conditioned for that tenant base to get the unit with landlord paid utility.Many parts of Mass. have cap rate compression so you can get premium pricing.

I'm not going to pretend that it is what I've been doing here, I personally decided to focus on buy and hold in a more numbers friendly market back home in FL, but if that many houses are selling for a premium then it seems that if you can find any of the deals that aren't going through the more traditional sources you'd have a good potential for profit.

I'm trying to find out if there are companies who purchase residential notes, nationwide, at time of closing or shortly thereafter, and pay a high premium.

I don't think the house is worth even 140 with no work done to it but the tenants really want to stay there and would pay a premium (supposedly).The owner's like me. they said they've been approached by more agressive people and were turned off but that I impressed them.

I would do some research to see if buyers are paying a premium for this type of upgrade in your area.

He was over-funding the policy so he didn't have to make premium payments.

An example, FDIC does not receive tax payor dollars, income is from premiums paid and fines.I'd say the intent of recent changes is in reaction of public abuse and the potential profits for banks and other larger players, not that a small guy can't be tracked or held responsible, it just hasn't been worthwhile to nail the bad ones in the past.

What is the worst thing....the lender takes the property, they ding your credit, your credit goes south, your insurance premiums go up, all other credit costs you more, you won'y qualify for another mortgage for a few years, and who knows what other collateral damage there could be in your life......best thing is to pay it or sell and get out and avoid the issues. :)

Doing nothing I got charged a total premium more than double.

That stated, it isn't much premium difference to go to $1MM.