It is delinquent enough (Greater than 90 days but below 120 days(can't file first legal until after the 120th day by federal rule (Except under very very specific circumstances)) to where the lender or servicer has sent the breach letter (Notice of pending foreclosure) with an expiration date that the loan will be referred to a foreclosure filing (Trustee/attorney) if the borrower(s) don't cure the breach within that defined period of time.* A notice of default is not a letter sent by a creditor saying they are late.

Apparently they handle all property repairs and maintenance independently and have maintained a perfect payment history, even throughout the pandemic.Lease Option Agreement:Effective Date: November 1, 2022Terms:Purchase Price: $165,000Non-Refundable Down Payment: $10,000Lease Term: 3 years (ends October 31, 2025)Final Payment: $158,000 balance due upon term completionMonthly Payment: $1,150 (no rent credits)I didn't see this to be a deal because if in a the best case scenario my $25000 would walk away with 2400 which is about a 9% ROI.

I have a tenant in Maine who refused to leave after her lease expired, and multiple notices were given saying she needed to leave after it expired. 

I quickly realized that you do not need to offee tours, especially since the units are occupied as long as your photos are up to date. 

@Wesley FryeWhat’s the expiration date of the contract?

Two disbursement dates have come and gone without money being added to my account or an email explaining why. 

I try to post the meetup date/times on here, but I can add you to the email list as well if you shoot me your email.For a hard money lender I'd recommend Matt Rodrigue.

Given that the industrial market is softer than the prior few years, I intend to buyout/wait until current leases expire and leverage the space into self-storage. 

All of my leases expire at the end of July.

Note that a few months after that date rates started to rise and quickly got to over double what I got on these purchases which would significantly increase the P&i.