
26 December 2019 | 5 replies
See if they can draft a letter to the owner which you can then record on the land records to stop any adverse possession claim they may have.

14 January 2022 | 13 replies
The water seeped thru her floors and into the 2nd floor unit, destroying a lot of their personal possessions and damaging the property.

26 June 2023 | 11 replies
If a tenant is scheduled to move in on the 1st but can sign the lease and pay all their move-in money on the 26th, I will allow them to take early possession at no extra cost for those handful of days as long as they also switch utilities into their name starting on that date.

10 April 2014 | 75 replies
If you have a balloon payment the defect may prevent any future refinancing.Another issue is future modifications, such are a new extension of credit and you need to ensure that the priority of the lien remains, so state law needs to be examined.Future sales can be delayed, foreclosure may not solve all defects.Defects in title or the note, DOT or mortgage may render the note unmarketable.The 61 points listed (some may not be a concern and there are basically double entries of the same issue) may all be associated with performing or non-performing notes.In seller financed notes, I can add to that list as those primarily pertain to conventional securitized notes.In that list you'll see issues of self dealing, arm's length transactions and improperly executed documents, these issues are magnified with seller financed transactions.Add property valuations at the time of sale, often over valued.Incomplete or inappropriate servicing records.Application of funds not properly made.The loan is between related parties.Notes in connection with installment contracts, CFD, Sub-To or Option financing improperly drafted, or identified with the contract.Personally property was included in the transaction and financed, security not perfected and that security interest in the RE is overstated.Now, these are some issues to ad to the list provided in the link, but just moving on:Dodd-Frank,Illegally originatedNon-compliant termsServicing is not compliantThe note doesn't have the seal of the MLOIncomplete loan fileBorrower had possession of verifying documents during loan processingAbility to pay not documented or computations incorrectly madeBroker/seller is not registered or in compliance, then revert to the "linked list"MLO is the note holder, seller of the property securedNote is originated by a Trust or closely held entityDeed in lieu of foreclosure, executed by the borrower & originated by the note holder, (escrowed deed for default)Financed options or credit leases with notes being disguised salesOption agreements requiring any contract performance by the optionee.Lease- with financed options having lease amounts under FMRNotes assumed by assignment to a new buyer without lender's approval.Non-recourse notes without asset based justifications or additional security.Any prohibition against the ability to obtain future equity, such as a HELOC.Notes that include cash advances together with equity.Zero interest notesOriginal married note holders divorced, died parties, incapacitated without proper assignments.Tax liens or judgments against the note holder.Notes held by entities not properly filed or in compliance, improper authorizations.UCC filings on note seller's assets, note not released.Okay, getting tired !

6 August 2009 | 269 replies
Listening to her, and reading more about her I feel that Palin seems to possess those attributes.

24 March 2015 | 14 replies
At some point you may have a claim for adverse possession.2.

7 December 2014 | 11 replies
If you are unsuccessful in reaching them and it gets to be past the 10th I would follow up with a registered letter informng that it is the 10th and you have not heard from them or received December rent so you have no choice but to file Judgement for possession based on non payment of rent.

11 March 2016 | 11 replies
As well as once the property is a tax deed and how to move forward on taking possession of the property .

13 April 2017 | 4 replies
Imagine all the houses that are photographed every day with an owner's or a tenant's possessions still inside.I hope you have multiple offers and take a different one, because I can already tell that the closing process with these people is going to be an absolute nightmare.

12 October 2021 | 10 replies
Then payoff the rest of the liens and you have just avoided the competition of the tax deed auction.Also, if the property is abandoned, and you can’t find the owner or their heirs in a death situation, you could always pay off the taxes and file an adverse possession.