Exercise daily15.

But if the same agent had an option contract, to much conflict of interest as what if agent found a buyer who would buy the property as it was listed from the Seller but instead of having the Buyer put a contract in on the property, the agent exercises his option contract, then moves it to the Buyer.

You are renting the property until you either exercise the option or move out.

It would make sense, and is required by FHA, USDA, VA, Fannie Mae, Freddie Mac, Ginnie Mae, probably FDIC, probably the state DBO, and probably a whole bunch of other people that once the junior has their sale, its subject to the lien of the senior and absent payoff, the senior will move to foreclose either by court action or, by exercising the power of sale clause in the note.  

Germain lists this type of transfer under it’s exemptions (d), “a lender may not exercise its option pursuant to a due-on-sale clause upon… (8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property…” This is stating that this type of transfer is exempted from the Due on Sale Clause.

However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument.If Lender exercises this option, Lender shall give Borrower notice of acceleration.

This gives you control should you exercise the option.

If you are bold enough to exercise some leadership to resolve the issue, you will naturally capture higher appraisal values as a reward.Often neighbors wait for someone else to solve problems that burden their property values.

Traditionally the only rights of possession that a lienholder could exercise was the right to petition a court to appoint a receiver to collect rents and pay them to the lienholder. 

So for the purpose of this exercise I'll be looking for 3 - 5 bedroom homes with a minimum 2 full bathrooms and at least 1,200 square feet of livable space.