Hi all,This is going out to all real estate investors who have utilized Hard Money in their deals.In what way can the hard money industry be improved?

Are the utilities separated and separately metered?

They want the mortgage statement to go to the house and they want to see utilities established in your name for the property.

Has anyone had any experience purchasing a bank owned property where the bank will not cooperate with turning on utilities?

They are not only a commodity but also utilized to add value to society and offer a lot of the downside risk hedging while still offering some level of real return.This is a bit cryptic and dodgy of an answer, but I hope it is at least of some help

This liability policy is really to protect me, however, if something really bad were to happen on this property, this insurance would be utilized in a defense, which would also protect the owner of the home.

Utilities is one easy way and there are others.And yes, they may be keeping a more watchful eye on your loan knowing you are wanting to sell.

But there is one caveat: It is not enough to teach the mechanics of the sport.

I'll check with some lenders - but based on my research on the internet - it seems everything is up to the appraiser to deem it as a accessory unit vs. an accessory dwelling vs. a second unit (i seems it might depend on whether there are separate utilities)FWIW: I checked with the town and the apt has a CO - can I assume that it is indeed a legally inhabitable and rentable apt?

If all else fails, you could consider utilizing a skip trace service such as TLO.com or accurintOnce you have their information, reach and out touch them with a marketing piece or phone call.