Sounds like this is one of those 80/20 loan situations, and they got recorded out of order.The effects of a foreclosure on a senior note on the junior note vary from state to state.

If it is only when you do laundry then it is a problem with the waste line.

You can terminate for cause or you can terminate at the end of the rental period based on the laws in effect.

I can't see running ads nonstop for buyers, other than networking, and even that would be a waste, as we all know that 90% of people never even buy a home to invest in.

It looks like they created a reverse process (you tell then what you want and they tell you if the credit profile fits).Please Note Effective January 1, 2007: Credit Bureaus require landlords or businesses wishing to receive credit reports to have an on-site inspection, have a publicly listed business telephone number and a business license.

The first is globalization and the 'equalization of pressure' between world economies- the rise of the Euro, the fall of the dollar-- and the effect its having on our market.

Today I got a phone call from my agent's broker saying that I was wasting their time.

If the loan does not go well the broker has effectively no liability.

There are also legal issues in that certain changes to a loan could trigger a chance in the liens position (some modifications are in effect treated as a new loan so the recording date moves).The trusts who are holding paper that has lost significant value (mark to market pricing) will be only too willing to agree changes in the trust provisions if the change will significantly improve the value of the asset.

Sorry to say this, but if you don't fall into either category you're wasting your time.