Owning Property" is sometime loosely applied.  

However, they're just letting you know that IF someone is a Service Member, the Service Members Civil Relief Act (SCRA) could apply and affect the ability to do things like evict, foreclose, etc.

I want to be a successful young head turner in this industry while still applying the utmost ethical practices.

Each deal I do, the NW impact is always considered in the short term but I've never applied the impact to long term retirement goals and costs associated as we age. 

Or does this "average mortgage" only apply to houses with a mortgage?

@Carla Harris, the borrower's credit is always a consideration when applying for any loan.

I have applied to many, many real estate investing companies in the area and sadly I am feeling lost as to what direction to move into. 

There are arguments in the lender world as to whether or not the 120 day rule applies to non monetary default (Like if the guy was just late) but most lenders take the conservative approach and just wait the 120 days until the start foreclosure....and yes, that could get you in and out before we could take action.

I HIGHLY DISCOURAGE ANY INVESTOR FROM APPLYING FOR OR USING SHERMAN BRIDGE LENDING.

Limit how many times you apply for credit to avoid a large amount of inquires that will hurt your credit score.