Reminds me of another bread I was posting in where the OG poster decided to walk from a transaction in which he could have monetized it in another way.

However, to be on the safe side, you would always want to give them a 30 day notice before raising the rent even if you have agreed to it while discussing renewal.

The daughter says they want to sell the house and would consider financing the sale (the home is free and clear).My question is when structuring an owner finance sale on a home in probate would we need to have an MLO involved to satisfy the SAFE Act or is this an exempt situation because it is the decedents immediate family?

Now I know why my broker doesn't move....she is at 90%And I can only transact my own deals 2x a yr.

It is not safe to assume that all defaults can be remedied, that all borrowers can pay their bills or that once reinstated it will be all flowers and rainbows.

Are you doing commission splits or 100% with a transaction fee?

But if you think you'll move in five years, and the house does not make a good rental (most don't), then the transaction costs will eat you up.

Sounds like what the listing HUD broker is saying is that they cannot be involved in the type of transaction that you are putting together as it is against HUD selling procedures and they can lose their listing status with HUD.I do not do residential but I would not put my livelihood on the line for a wholesale buyer trying to work the system to make money.

This global infrastructure provides Colony Capital's acquisition team with proprietary market knowledge, sourcing capabilities and the local presence required to identify and execute complex transactions.In the twenty-two years since its inception, from a single Los Angeles-based office, Colony has invested in diverse and complex property, corporate, and portfolio transactions across five continents through varied economic cycles.

They may all involve issues with the "due on sale clause" another thing to search for.They may also be seen as a financing conduit and subject to your State SAFE Act.