Notice the present tense.

Fannie, who establishes the guidelines for conventional financing, allows a borrower to have to 10 financed properties.

After Jan 1, this right of redemption goes away and the cure period (time from NOD to sale, NOD is called a NED - Notice of Election and Demand here) is extended by the former owner redeption period.

Notice no complaints about if this is the right forum?

Hi All,I am gathering data on default notices, running numbers and trying to understand/evaluate what might be an opportunity in the pre-foreclosure arena.How can it be that some loans are maybe only a 3rd of what the market value is?

You will also notice Joshua Dorkin adds a personal touch not found on other forums.

I'm new and noticed a couple people had "under investigation" listed next to their user name.

If you bank has filed a "notice of default", or whatever its called in your area, you've probably had numerous phone calls, letters, or people knocking on your door already.If you do try a sale leaseback like you describe, I'd recommend you do it with someone you don't care to stay friends with.

When the man handed me the application, I noticed that the woman's name was nowhere to be found.

Originally posted by "MikeOH":In addition, while you are waiting for that small percentage of people with bad credit but a big pile of cash to show up for the option premium and security deposit, you could be renting the property.Hi Mike,I have noticed in a few different posts that you seem to have a somewhat jaded view of option deals.