I give them 30 days to cure or I start foreclosure and I don't have the 120 day rule when the property is transferred.

Most importantly, once you initiate action to cure or pay, you are required to notify Section 8 and they will, more often than not, terminate the Tenant from the program, so you will no longer be receiving those "guaranteed" rent payments while you go through the eviction process.3) Inspections alone are not really too serious of a concern to LL's that routinely provide a clean, functional, secure unit; but what does eventually sour LL's is the fact that typically they have to make repairs later, even when the Tenant caused the damage or failure.

Cure cancer?

When a DOS is initiated, the borrower has 30 days to cure.

The only cure for that is to wait until either the market slows down, or more Contractors come into play somehow....

If you think there will be electric issues trying to get it financed, then be prepared to offer to fix them, obviously with the cost to cure built in.

Tenants still have time to cure and the process continues from there.

BTW, not getting off topic, but, since CFDs are dead, I've thought of incorporating the terms of a DOT to cure problems of default instead of holding a quit claim deed that circumvents foreclosure laws.

If a bank accepted the POA and later sent you a notice, then you tried to cure some issue and ultimately failed to cure the matter, the seller could step in and cure it......ahhhh, but because the seller/borrower didn't receive the notice required by law, he doesn't have time to cure it.

We gave notice and it wasn't cured, so I called the city and reported a zoning violation, knowing that I risked getting a fine that could result in a lien on the property if it didn't get paid.