--------------------------------------I don't think it prevents you as an owner from initiating the action.Personally, I wouldn't have any moratoriums on private transactions.  

Also, if this is something that you are looking for in a hard money lender, you might want to look into more of a private money lending model verse anything else. 

Private Money vs Hard Money:Primate money is negotiable.

First, let's be very clear here.The mortgage your speaking of is a private agreement between the seller and the lender.

They would not be offering you a hard money loan (loan based on the hard asset) and instead they are lending to you as a traditional lender with private money.

Did you guys ever raise private money?

If you are apprehensive of the market, and believe it will get worse before it gets better, you might consider going to cash, doing a private loan to a flipper on a project where it would be a screaming deal if you had to foreclose, and taking a look in 9 or 18 months. 

@Rennell Goudeau Hi Rennell, send me a private message and we can connect.

II wonder if it would stand up in court that they could force you to use their contractual payment requirements on your own Private property.

@Dan GroveAs a private money lender I agree with Nicholas' sentiment.