Expect tenants to stay there 2 months free if they default. 

Investors that try to use a second home loan to put 10% down and neglect these restrictions can risk being put in default/legal trouble.

Credit was too easy to get and adjustable rate mortgages which adjusted higher than the mortgage holders could afford, caused people to start defaulting on their mortgages.  

This seller was previously in default, but that amount was cleared.

Once the borrower is tied into these they are quite cumbersome to manage for the borrower and god forbid there is a default of any kind :)  or with the pre pay penalties and the reporting and the covenants to keep a certain DSR etc etc I mean look at all the syndicators who are leaking oil because they cant meet loan covenants.. 

Quote from @Joel Owens:all but a big percentage.50 to 60 year olds might have a cell phone and be on the computer30 to 40 year old familiar with zoom meetings, texting, cell phone, computerskids to 20 year olds embracing group text, videos, all emerging technology etc.Of course this is not an absolute but in general as the age goes up the use of technology goes down.you bring up good points of technology adaptability by various generation and your view as well, but that's exactly when and why the commision structure would be disturbed in the next decade, once this 20-30 years old kid is getting more power they would replace everything that's deemed as default or conservative business model in many industries.

Whereas if you didn't have the policy and they realized that you'd probably just default they would recommend not suing because no one would get paid. 

I'm not an attorney, but if your lease is defaulted to a month to month, or even if he is a "Squatter" you can give him a 30 day notice to vacate.

One of which is by default, representing the seller which is illegal, unless you own the property yourself as the seller, or are indeed a real estate agent.

property radar does this on the west coast .. not sure if they have gotten to the east coast yet.its a paid for subscription but its uber powerful with many many features and notice of defaults are one of them.