As a mortgage banker for a new home construction lender, we will take a copy of your homeowners insurance declaration page.  

Now, loans they may have with you are a different matter, again being new, you will need to swallow this, but may negotiate a time frame to cure before declaring other obligations due.Dragnet, cross collateralization should be managed when collateral is offered.

The main advantage to an S corp is that you can limit Self employment tax by declaring some of your income as dividends as opposed to earned income.

If one joint owner is sued or declares bankruptcy, that person's share of the property is exposed.Joint tenancy with right of survivorship means that upon the death of one owner, title passes in its entirety to the surviving owner(s).  

Now, you pop up and declare, I'm bailing out and sticking someone else in the contract that you don't represent!

Now this could have a huge impact on the junior NPL space if allowed:The Supreme Court said Monday it will decide whether homeowners who declare bankruptcy can void a second mortgage if the home's market value has dropped below the amount they owe on the first mortgage... http://news.yahoo.com/court-consider-second-mortga...

I’m still learning and I think this would be the best way to learn and ensure that my property analysis muscles are tip top...Property & ConditionThe property is a 4-plex with (2)- 3/1’s and (2)- 2/1’s with covered parking for 4 cars.

In this case the buyers declared bankruptcy and I've been getting payments on time for 3 years!

And, didn't he declare bankruptcy?

Yes, well, it can mean calling the note due, declaring mortgage fraud, turning it over to the FBI, get free room and board for awhile, lose the property, lose your family since Jody moves in with the spouse while you're gone, it could kill your mother and you dad might disown you, the rest of the family washes their hands of you as a con.