(a) If a loan broker uses any untrue or misleading statements in connection with a loan brokerage contract, fails to fully comply with the requirements of this Article, fails to comply with the terms of the contract or any obligation arising therefrom, or fails to make diligent effort to grant a loan to or procure a loan on behalf of the prospective borrower, then, upon written notice to the broker, the prospective borrower may void the contract, and shall be entitled to receive from the broker all sums paid to the broker, and recover any additional damages including attorney's fees.

I'm not familiar with the foreclosure process and not sure how to hendle the situation if it arises.

(b) The fact that a property was, or was at any time suspected to have been, the site of a homicide, suicide, or death is not a material fact that must be disclosed in a real estate transaction.(2) A cause of action shall not arise against an owner of real property, his or her agent, an agent of a transferee of real property, or a person licensed under chapter 475 for the failure to disclose to the transferee that the property was or was suspected to have been the site of a homicide, suicide, or death or that an occupant of that property was infected with human immunodeficiency virus or diagnosed with acquired immune deficiency syndrome.

The longer this goes on, the less desirable the property becomes and issues will arise when you go to sell.The other problem is with their poor tenant selection - - to them any tenant is better than no tenant; again increasing rents and your contentment on vacancies, but soon result in damages and evictions. 

Good luck and let us know if anything else interesting arises!

If that is the case, they are WAY past that time frame as we signed the "project completion" paperwork almost a year ago, probably about 9-10 months ago to be more exact (we signed this prior to the issue with the hardwood floors arising and we thought that they were going to replace the damaged cabinets at that time).

I'm hoping a rise in interest rates will have a downward pressure on prices over the next year or so.

Tenant agrees to allow Landlord timely access to premises to do maintenance and repair.Tenant will notify Landlord in a timely manner of any damages or problems as they arise, including damages caused by Tenant, malfunction of appliances or fixtures, and water/moisture leaks and spots.Tenant will take care of the premises, keeping them clean and clear of debris.

Recent tax court cases also suggest that it is possible to "subscribe" for the full amount to be invested and then add installments to meet the subscription obligation over time.Since your financing is non-recourse, there will be no prohibited transaction arising out of a personal guarantee.

When we enter a rising interest rate environment, I think the chances of it will increase because now there will be motivation from the lending side to mess with these existing loans.