`(h) Standards To Protect Against Adverse Selection- `(1) IN GENERAL- The Board shall, by rule or order, establish standards and policies to require the underwriter of the insured loan to provide such representations and warranties as the Board considers necessary or appropriate to enforce compliance with all underwriting and appraisal standards of the HOPE for Homeowners Program.`(2) EXCLUSION FOR VIOLATIONS- The Board shall prohibit the Secretary from paying insurance benefits to a mortgagee who violates the representations and warranties, as established under paragraph (1), or in any case in which a mortgagor fails to make the first payment on a refinanced eligible mortgage.`(3) OTHER AUTHORITY- The Board may establish such other standards or policies as necessary to protect against adverse selection, including requiring loans identified by the Secretary as higher risk loans to demonstrate payment performance for a reasonable period of time prior to being insured under the program.

I currently have a separate bank account for all my properties from which I pay my bills/mortgages and deposit all rent checks, is there anyway I can still use one account but have more liability/legal protection?

If not get an addendum to the purchase agreement putting the deal in your name and then once it is done quit claim it to the company for asset protection

To protect myself I require a $3000 - $4000 down payment in case of default to cover expenses till I sell againThis money is not spent on anything and is placed in a high interest money market account only spent in case of emergency for that property. .I keep taxes and insurance current and add that money to their monthly payment.

I'm a firm believer in a multi-layered asset protection strategy.

As also mentioned, utilizing a land trust would be the easiest way around this clause and adds additional protection/privacy to your property.

Cheaper than copper too...BIG FAN.Regarding the AC unit I plan to install and rent a AC cage that should protect it from the mutants.PLease, more advise.

You really need to establish what the seller is responsible for, otherwise it's all on you, and you'd best protect your own interest by either starting the eviction or trying a very quick "cash for keys" offer.Either way, you need to impress upon the tenant that they DO owe you starting TODAY, and you mean business.

Eventually, it will get sold and these issues will go away.Unless you were very careful to protect it, its not difficult to come up with someone's phone number.

I also was the Director of Sales and Marketing for a national lifestyle publication and under my direction their annual revenue went from $750k to $1.6M in 3 years.