I will admit, IMO, there is not enough pressure to force banks to move through this process faster than they currently are and that has served two functions.

Part of networking is understanding those who wish to be "in" your network.I would suggest adding something further about use of the search functions to facilitate retrieval of info that already is posted.I would also suggest that a link to this slide show be placed in front of all newly subscribed members in some manner.

As a function of the security instrument and note you can impound the monies to pay for both taxes and insurance and distribute accordingly.Or when you get listed on the property insurance you get listed as a mortgagee which most insurance companies will alert you when the payment is due and you can request proof of payment from your borrowers.

Second, If you have a mortgage on this property look up the 50% rule.Hint: Use the search function here and you will find a treasure trove of information.To answer your questions:Will i need to do anything besides change the house insurance to a landlord/rental insurance?

Additionally, in the event the city/county does not allow for this home to function as a boarding house he may have an eviction nightmare on his hands with multiple tenants plus the wacky manager company.Additionally, as a function of due diligence you will need to underwrite the documents this company is using to ensure there is built in subordination to the lender.

No NOD, no nothing.But for other types of prospects, I have the best results with a 6 week rotation.

Also forgot to mention market value is a function of time and price.In your area for example average selling time might be 4 months at 140k.If you want to sell in 30 days you might have to be at 125,000.What you will want to do will depending by what percentage the market is increasing,decreasing,or staying flat in value.Banks sometimes put property on the market a few months later than expected if they know the market is rising.If the market is falling they want to get out however they can.

It use to be correct before the great updates to the site.If you notice any other functionality bugs that differ from pre-updates, do post them so Joshua Dorkin can get his people to call your people to do whatever they do to make our lives better!

The lease option is technically legal, but functionally illegal.

Fraud and embezzlement are the main issues that bank examiners are inside any bank, if it were simply an accounting function, that could be accomplished off site.When I was a bank examiner for FDIC, that's what I did, looked for details in banking operations that had possibilities for fraud or embezzlement.