And Bill has another good point in contacting the Trustee handling the foreclosure - they can sometimes put a buyer in contact with the lender after the foreclosure, and if it hasn't foreclosed yet they will know the status and be able to ballpark a time as to how long it will be.

And in that scenario, the agency wouldn't be able to handle my claim/pay me out, as they would probably go under - even if it is a state agency.

The most efficient way to handle this IMO is to pay have your friend hold a note or if he wants and equity position treat it as if he is holding a mortgage at an agreed rate of interest and you may even want to include him in on a percent of the gain if the property is sold.

I handled the Verizon and 2 late payments the exact same way.

I have a crew that I have worked with in the past that can handle everything except the licensed trades.

Closing packages get sent next day and the title attorney will handle that.

The easy thing is to tell my tenant to handle it all herself and leave me out of it - after all, she caused the problem in the first place.

Reading another post got me thinking about this again.For those of you who own larger multi-family, self storage, mobile home parks, etc, anything with a "resident manager" who lives on-site--do you give you resident manager signing authority on bank accounts and/or allow them to handle finances?

So, I'm getting ready to hire some contractors, not sure if they are license or not, some of the contractors were refer to me by realtors, and friends.How do you handle insurance should something happen to one of them?

I have a house under contract to close Sept 27th. Suddenly the seller will not answer phone calls or emails. I am already out $70 for a dye test, mandatory here. I also paid $100 for an occupancy inspection to be done...