This notice is a formal document indicating that the homeowner has defaulted, and serves as a warning that the property is at risk of foreclosure.

https://efraudprevention.net/embed/cody/Equity-stripping_scams.htmlEquity-stripping scamsEquity stripping is a type of fraud in which a scammer targets individuals who own a valuable asset, such as a home, and convinces them to take out a loan using the asset as collateral.

Do my 3 associates need to create a LLC to be able to do these renovations or can any individual do them, as long as proper permits are pulled? 

Have you always invested in owning the parks, or have you purchased some individual mobile homes in parks you haven't owned also? 

Things like the 1% rule right off the bat, especially with properties that I know are undervalued, are good indicators of a "good deal."  

For clarity; as with a trust, lenders do not exercise the "due on transfer/sale" clause when real property is transferred to the SAME individuals in an official capacity (e.g.

I'm ready to get out there and connect with other individuals and create a team to benefit myself in this journey!

I'm never in favor of government over stepping, but I can also see how desperate individuals can be taken advantage of during this tragedy. 

Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.

The issue is not the contract, the issue is going to be enforcing the contract, the individual who was selling this could hold this up for years and cost you tens of thousands in legal fees, and then they file bankruptcy and stall it another 5 years.