"As confidence in the housing recovery spreads, more real estate investors and would-be real estate investors are hopping on the home flipping bandwagon," said Daren Blomquist, senior vice president at RealtyTrac.

If you didn't get permission to do that you could have a violation of your senior mortgage and they could invoke the due on sale clause.The DIL might be the easiest way to get the property back.This person could still file a chapter 7 delaying again.No legal advice given.  

I would recommend Citizens Bank for investors in New England, MI, OH, PA, NJ, and NY.

It is a nice quiet place and has several seniors living it that do not need 3 bedroom apartments and they probably qualify for senior housing. 

:) One other thing in our favour is that one of my husband's closest friends owns an appliance business, and his wife is a senior salesperson at a kitchen/bath cabinetry place.

U.S. citizens can travel to and from Puerto Rico without a visa or even a passport.

It's one thing for people to work part time because they want to but for many it's a HAVE to thing in their golden years to supplement S.S.I read a scary statistic the other day that 90% of seniors have a net worth of 100k or less.These kinds of things just make you think how bad things are out there.    

Thanks @Jonna Weber - "affordable" senior rentals definitely seems like a niche that would have a lot of tailwinds right now and in the near term future.What do you think about the dynamics described in the Atlantic article in terms of potential impact on traditional multifamily investments?

If Thomas were to default on the CMBS loan the old owner and now junior lienholder would have the right to reinstate the senior debt to protect his interest and foreclose Thomas out.If you think about it, it's somewhat of a brilliant strategy on behalf of the seller. 

Because of that, Johnny Law is coming in to protect the citizens.