The HOA fees do not prevent the property from being sold by the seller at any time and have nothing to do with the foreclosure.I do not understand why you have only one day to resolve this situation.

(BTW RESPA DOES NOT PREVENT THIS!)

That prevents claims of discrimination when you refuse a tenant.

Taxes, insurance, debt servicevacancy rate, repairs, mantaince, utility bills ( a vacant unit in Indiananeeds heated in the winter to prevent damage).

Christian,I don't believe your comments are entirely true.The was a federal act passed in DEC 2007 the lenders cannot hit you with a default judgement on your primary residence keep in mind the irs can and will tax you on the spread in a short sale and one morning you will wake up to a 1099 in your mail boxOn the contrary, House Resolution 3648 prevents home owners from being taxed on forgiven debt.

Requests must include documentation that the following conditions are present: 1) The property is located within an area which is subject to a community sponsored program of concentrated redevelopment or revitalization (See 24 CFR Part 220). 2) The market value loan limitation prevents the use of the program to accomplish rehabilitation in the subject area. 3) The interests of the borrower and the Secretary of HUD are adequately protected.

Most notably the fact that between October and now, the heat and hot water (which are tied together) have gone out at least a dozen times (i think its more but have lost track...).Now in our lease it specifically states the following:Originally posted by "Lease":We Promise, except if we are prevented by conditions beyond our control to:A.

JonathanSB 761 was created to prevent just exactly what you want to do. better to focus on loss mitigation in my opinion. they do NOT want you to be able to buy someone's house and lease it back to them. that was their whole intent when writing that law.with that being said, i'd recommend taking some training from Bruce Norton.

Anyone who is facing the threat of home foreclosure needs loss mitigation services or the short sale option to prevent this from happening.First line of DefenseSurprisingly, most homeowners and property owners are not aware of this term or the method involved with the process.

Not what I'm looking for, but not something I can necessarily prevent, either.