If they do declare bankruptcy, could be good for us if some of the oil companies up here can get there hands on them.From a RE perspective, I immagine a pretty stable this year, with perhaps a decline coming late in the year.

Heard nothing back from the homeowner (henceforward known as HO :-)Then...the news that HO had declared bankruptcy.Foreclosure halted.Then the news that the bankruptcy was not going to proceed.Foreclosure on again.Finally, the HO decided to sell, before the auction date hit. 

A secured line of credit type arrangement without declaring principal received for taxes!

You will be taking on more liability, and if you go bigger than 4 units you won't have the owner occupier financing available.Exercise your analyzing muscles by vetting some possible deals in different price points so you can see the difference in finances.

If there is actually insurance, you (if the property is free and clear) will be on the declaration page.

Ok...I'll be THAT guy (after electing to bite my lip on page 1 yesterday) Dude comes on here and posts a bunch of pics, declare he is "retired" at 21 years old (lol) because he might earn $36,000 a year on a property, offers ZERO details of his "deal" , no detail of how it's funded, value add, cap rate, COC return, occupancy, etc and people fall over themselves to congratulate him?

Like many are saying May June will be the telling months and if landlords just suffer one or two months of no pay this should not affect them at all. that's what reserves are for.. then get back to normal the issue will be 3 to 6 months no pay and not willing to move out those would be major issues for many Jay:Some of our units are local, others are an hour away.Schools have been closed since early March and a state of emergency was declared mid-month.  

The people were oppressed by outrageous taxes, many children were snatched away from their families, there were forcible religious conversions, widespread sexual slavery to the polygamous Turks, many churches were turned into mosques, and all the Greek people of the capital of Byzantium and its hinterland were declared subject forever to Mehmet the Conqueror and his issueApproximately 400 years later, in a series of bloody wars that lasted the better part of a century, the Greek people (with a great deal of help) succeeded in winning back approximately HALF of what were their ancestral lands, the western half.Ready for my questions, Evan?

For major deals, the penalties alone can be in the millions and can have major consequences for the non-reporting party (e.g. the lender or tenants declaring breach, etc.).

They will also analyze and review of documents;  draft of the constitution declaration; draft of the condominium regulation bylaws; submitting necessary paperwork to the Land Registry and provide the issuance of the new title for each unit.We have chose to go through this process because in the future if we decided to sell the whole complex it will be difficults vs selling each apartment which will be a lot easier to sell.