Once a complete loss mitigation application is received, the servicer must review that application before starting the foreclosure process.""

If you need to get it rented fast, a great property manager would list the home for $2100 (below market) and get several quality applicants competing against each other to drive the price up to the max so you don't risk vacancy by starting out too high and gradually reducing to find the sweet spot.

@Stefano Mitrano I have seen numerous banks reacting if an asset is being transferred into an LLC.

Search the BP for ADU appraisals to encounter numerous examples.

One area can show great signs but literally cross the railroad tracks and it’s a different world.Be aware of these types of physical delineation.If you are getting no demand from qualified applicants then I would say it’s not in a margin of a gentrifying neighborhood.  

Most bankers can run live pricing to help you make a final decision without having to have your credit pulled several times or fill out a dozen applications and submit docs!

There are numerous reasons why they usually do not make good rent properties. 

With the numerous investors on this forum they have done this to, it is probably just the tip of the iceberg. 

It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?

The fee to submit an application is $600.00.