When complaints were filed due to major issues raised, some states prosecuted the companies for depriving buyers of ownership rights and outright deeded the houses to buyers (regardless of breach of contract and default on loans), with huge restitutions to be paid to state and end buyers.

Some have noted here some of the issues they have had but there maybe anomalies and those experiences may not be the consensus for a majority of their clients so its good to get referrals and hear their point of view as well.

I also suspect the vast majority of lenders will take exception to your mom being the 1st position lien (look up strategic default).

With a 203k Renovation loan, you can also finance in your payments if you are doing a major rehab. 

Examples:44109 (median home price went from roughly 50k to 125k in 8 years)https://www.zillow.com/home-values/77009/cleveland-oh-44109/ 44102 (median home price went from roughly 30k to 120k in 8 years)https://www.zillow.com/home-values/77002/cleveland-oh-44102/ 44106 (median home price went from roughly 100k to 200k in 8 years)https://www.zillow.com/home-values/77006/cleveland-oh-44106/ It has the highest rents on average in all of Ohio for major cities and the median home value is not even in the top 3.

And for that majority, there is hope.

The major factor to standing out in any market is design.

I think majority of those that are displaced will likely find homes in the surrounding communities in CA (I’m sure some local CA experts have better insight).

You are a renter and subletting that people rebranded to make oodles of dollars on.I would also be curious to see how profitable this is, especially as the economy continues to show more signs of major cracks

I don't want to name names, but I use a major US financial institution for my banking.