But if those notes are in your possession when they're subpoenaed, destroying them carries huge legal penalties.I've heard too many stories of trumped-up discrimination complaints that end up with enormous damages. 

You are starting off with a $10k to $15k deficit by not checking the Agency boxes, that deficit needs to be zeroed out one way or another (fees, rate, terms, etc) before the portfolio lender can even consider making an actual profit (relative to the other opportunity, lending that $500k to a vanilla ho-hum W2 couple buying a primary residence, etc, where there's an automatic guaranteed freshly minted $10,000 bill [it's a two-party bill, btw,  Trump and Biden's faces both appear on this $10,000 bill together] guaranteed to come their way).The sticker shock is sufficient that I try to avoid quoting non-Agency portfolio rates/fees/etc entirely, unless someone specifically requests it. 

It's only an emergency for those non essential,means they really are not needed anyway, employees who take our tax dollars in the form of paychecks.OK good spirited debate and conversation.. maybe congress and trump will get their act together.. this thing is not helping anyone.

Try Scott Mac Donald He is a BP member.DM me if you can't find his information.Good luck.

Real estate made Donald Trump wealthy....what about Warren Buffett? 

Quote from @Rilya Donald: Can someone tell me that this means? 

( ask yourself what Trump would do LOL).

If it's an IRS lien then it is second to the mortgage but if it's a real estate tax lien it is in the first position and trumps the mortgage (which is why most lenders will pay a real estate tax lien so property is not foreclosed on if a mortgage is on property)

@Mitchell MaginnisHere are my favorite books:Multifamily Millions by Dave LindahlThe ABCs of Real Estate Investing by Ken McElroyThe Complete Guide to Buying and Selling Apartment Buildings by Steve BergesCommercial Real Estate Investing by Dolf De RoosTrump: The Best Real Estate Advice I Ever Received by Donald TrumpTax Free Wealth by Tom WheelwrightCommercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David LindahlRaising Private Capital: Building Your Real Estate Empire Using Other People’s Money by Matt FairclothThe Definitive Guide to Apartment Marketing by Josh GrilloInvesting in Apartment Building by Matthew MartinezCrushing It in Apartments and Commercial Real Estate by Brian H MurrayThe 7 Secrets to Successful Apartment Leasing by Eric Cumley2 Years to a Million in Real Estate by Matthew MartinezBurn Zones: Playing Life’s Bad Hands by Jorge NewberyCommercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael ReinhardIt’s a Whole New Business!

It seemed like an appropriate story, indicating that of all people, the BP folks being quite familiar with the tax benefits of RE investing could understand the Trump tax returns being no or low tax payments.Cheers,Buddy