When you call in to a lender like countrywide, Litton, Ocwen etc...they have a specific procedure...if it is an investor backed loan they ultimately have to present the case to the investor...but don't do so until all the facts are laid out...the short sale package, the intent of the borrower, the ability to repay, comparable sales, borrower info like tax returns, bank statements...none of this has happened here...this so called vice president of his mortgage office made the decision over the phone and then faxed me a handwritten note stating that he is unwilling to take a short payoff and will foreclose...i'm sorry, but this just isnt legit.

Procedure is the same for everyone and out of 54 I have approximately 2 late payers per month.

The people was all so miserable and back bitting and scornful and would not share anything and then the luch call is made and he goes as they all run to the table and then he notices that there they are with the same HUGE TABLES of food and that giant silver ware again and them tables almost 5 feet accross and so long almost unending and just piled full of the finest foods and yet he realized the people was emanciated almost most starved to death and skin and bones and fighting and arguing and scratching and trying to eat with that giant silverware and yet it was so large that with all the plenty there was everywhere they could not utilize that giant silverware and thus could not get any food in their mouths hardly at all and was starving in a land of plently.

Is there a difference between foreclosing procedures when the lender is instititional or private?

Her not following procedure does not make you a victim.

From a CYA perspective, I think registered agents are amazing.NOTE: Subject to change based on local rules and procedure.

Consistency in following established procedures.5.

And thank you for clarifying these procedures.

I'd call the electric company and double check procedures for transferring billing and have that noted in your operations along with sharing at turnover/lease signing/move-in.  

One good lesson is to always start the legal procedure as soon as a tenant doesn't pay.