This is covered under Regulation X (1024.5(b)), outlined here: https://www.consumerfinance.gov/rules-policy/regulations/102...

So to clarify the how, why and what of hard money loans, I have outlined a very simplified explanation of where we as a hard money (commercial real estate ) lender come in1.

I am having trouble with my borrower, and this experience is serving an in depth master class learning experience  ;-)  I may have to move forward with a foreclosure.Within the context of what you have outlined, what then is the difference between Mortgagee/Loss Payee vs.

You basically outlined your issues and no one can help you with that. 1) The market is the market.

I was going to get them to sign a land contract outlining the terms, so me being authorized to make the payments of the current mortgage, allowing me to renovate the property, and allowing me to sell the property on the MLS once it's renovated.

Put a dollar value on you’re goal, determine an outline of a plan to get there, and determine how much capital you’ll need to seed the funding needed for your financial wealth accumulation plan.4.

Those reasons are perfectly outline my personaAfter researches I’d realized that the best place to do real estate in a scale is in USA 🇺🇲My intention is to do the BRRRR method and to be expert in that and with other financial creative strategies Continuing to document my experiences, lessons, and insights, hoping that it helps others like me, I invite you to follow, share with me your insights, and come on let’s connect!

If you can take out lines of credit on other properties you own, I prefer that to going the hard money/private lender route, because it tends to be significantly cheaper.

The outline was comprehensive and I will review a few apps to fully understand their features.  

It’s also a good idea to outline what happens if they don’t leave on time.Next, draft a Rehab Permission Agreement that details what renovations you can do while they’re living there.