Give them notice that they are in default (if required by your state), and begin the eviction process if they don't pay.

Fannie & Freddie are selling $1Billion in REO to Capstone.

"Conventional" usually means Fannie Mae/Freddie Mac financing, and I don't think they will do that for LLCs.

They know my property manager that lives on site.They know me the owner by my first name when I have been out there and that is it.Official notices are sent to my attorneys address.

Fannie is supposed to be calling me this week.

I noticed that the example house was built in the early 1970s.

Also would remove the 30 day notice and allow me to list on April 1st.

i noticed this is an older thread.

With Conventional loans the investor could be fannie, freddie, ginney, or a private even.

Thanks, Sam, the cash out refi LTV is 75%, according to the Fannie Mae Eligibility Matrix (70% for 2-4 unit properties), so the LTV difference is 5%.The scenario I see is that you buy a SFR foreclosure for 50k that'll rent for $1000, rehab it for 10k, get it appraised at 75k, get the loan for 50k, which is 67% LTV and 83.3% LTC, producing a 35% ROI on your investment, all completed within one month of purchase.