Jessica, I switched my pm in NC due to her negligence, and the new pm I hired was instrumental in getting the deposits transferred.

Change Date March 1, 2011 4155.1 4.B.2.aDefinition:PrincipalResidence A principal residence is a property that will be occupied by the borrower forthe majority of the calendar year. 4155.1 4.B.2.bFHARequirementfor EstablishingOwnerOccupancy At least one borrower must occupy the property and sign the securityinstrument and the mortgage note in order for the property to be consideredowner-occupied.FHA security instruments require a borrower to establish bona fide occupancyin a home as the borrower’s principal residence within 60 days of signing thesecurity instrument, with continued occupancy for at least one year.

@Chet Mazur  Chet I grew up in Cupertino  just FYI  Hwy 280 was not built yet and Stevens creek and Hwy 9 ( now De Anza BLVD) were still gravel  :)It sounds like with the equity in this deal and the fact Trustor ( assuming CA instrument) is not responsive that a sale may very well happen and you will get paid off .Hopefully you bought the note for less than face value and you will make a tidy profit.Good luck with it.you can hit me off line if you want as well if there is any other things relating to this

Wow, it's a huge risk to rent a property that your city has deemed unsuitable.

Think about this - When a bank offers a home buyer money to purchase a home and the deal goes thru, the bank turns that mortgage document into a copyrighted instrument as a derivative which they sell multiple times.

You can advise her to get a real estate attorney etc, but as far as you getting involved it could look bad in court (You turn out to be an instrument of her attempts for self eviction..... her hired bully)2) Having the property condemened can cause more problems than you want.

Sounds good, until I read this in CI'S Terms of Use, under the section labeled Use and Restrictions Related to the Services "You should not use the Services to execute any documents or instruments, or to make any offers or proposals that you intend to be legally binding.

He was also instrumental in the revitalization of the Mt Airy commercial corridor, just on the other side of germantown. 

Here is the exact language from the statute: "(b) Every provision in a written instrument entered into relating to real property which purports to forbid or restrict the conveyance, encumbrance, leasing, or mortgaging of the real property for use or occupancy as a family day care home for children, is void and every restriction or prohibition in any such written instrument as to the use or occupancy of the property as a family day care home for children is void."

Remember, the Mortgage is the security instrument that places the house up as collateral, executed by the owners of the collateral...it is not the loan/debt instrument(the Note).