Wait, I get it, their online reputation will be enough of a guarantee for you!

They have to go overkill crazy like this in order to cover their butts.....Once again, this advice is worth exactly what you paid for it.....

If they do and  If the note is not paid off then the lender can foreclose. 4.

Ultimately after 15 yrs the mortgage has been paid down so cannot complain much.

It’s not necessary to stay local for these services as long as you have online bank statements or a solid way to get them to the bookkeeper.

A Solo 401(k) is generally subject to UDFI but is specifically exempted when the debt-financing is used for the acquisition of real property.When a tax exempt has generated either UBTI or UDFI, the tax paid is referred to as UBIT - Unrelated Business Income Tax.

Friends wanted to rent it and so we did and they always paid on time.

The taxes will be paid regardless when you sell the property, but some investors defer it further by doing 1031 exchange or to create generational wealth.

Quote from @Juan Perez: Greetings,My first home was paid off over a year ago, and I am now living in my recently purchased 2nd home.

@Jay Hinrichs says it's the same in CA and OR.https://www.atg.wa.gov/mortgage-and-foreclosure-scamshttps://www.atg.wa.gov/enforcement-actionshttps://oag.ca.gov/consumers/general/foreclosure_scams"IF YOU TRANSFERRED YOUR PROPERTY OR PAID SOMEONE TO "RESCUE" YOU FROM FORECLOSURE, YOU MAY BE A VICTIM OF A CRIME."