@Sara Hopson, posting a notice on the door is valid in the state of NC under statute 42-3 ("there shall be implied a forfeiture of the term upon failure to pay the rent within 10 days after a demand is made by the lessor or his agent on said lessee for all past-due rent"). 

NJ statutes are silent as to this issue, but some states, like CA and PA have specific language that supports this position, so that should be persuasive to any NJ court, as well.

My letter sets forth the same content, but in more detail.The last time a Tenant terminated the lease early, I satisfied my damages (“cost of reletting”) out of the Tenant’s security deposit.You should study your State statutes and your Lease Agreement and follow the law in your State.

Check your state statutes carefully, and file the demand for rent and notice to evict (or whatever they are called in Georgia) exactly the way Georgia requires it, or you may have to start all over once you get to court.I do agree with Joel Owens that this could be an intentional ploy to manipulate you into reducing the rent.

But, state statutes likely govern the creation of a trust instrument.

Go to law review sites, Harvard Law Review, read state statutes, look at legal forums, look up cases dealing in the areas that you are interested in.

Mortgage A would have a superior claim.So it depends on that particular governing bodies statutes to answer your question.  

Anyone else out there hearing of investors having issues with this statute specifically when it comes to purchasing short sales?

(D) ReappointmentThe Commissioner may be appointed to more than one 5-year term.(2) DutiesThe Commissioner shall have such duties and powers as the Secretary may prescribe, including the power to—(A) administer, manage, conduct, direct, and supervise the execution and application of the internal revenue laws or related statutes and tax conventions to which the United States is a party; and(B) recommend to the President a candidate for appointment as Chief Counsel for the Internal Revenue Service when a vacancy occurs, and recommend to the President the removal of such Chief Counsel.If the Secretary determines not to delegate a power specified in subparagraph (A) or (B), such determination may not take effect until 30 days after the Secretary notifies the Committees on Ways and Means, Government Reform and Oversight, and Appropriations of the House of Representatives and the Committees on Finance, Governmental Affairs, and Appropriations of the Senate.(3) Consultation with BoardThe Commissioner shall consult with the Oversight Board on all matters set forth in paragraphs (2) and (3) (other than paragraph (3)(A)) of section 7802 (d).

In Texas, all trusts are governed under the same statutes.