Know your best number going in and do your very best to stick to that number...despite the emotional triggers that come along.

It is doubtful that the NOD triggered this sale as that process usually takes more time than 4 months due to all the recent new forclosure process changes and moratoriums in some areas.I do not think the two are connected, this time.

This can become an expensive lesson to learn, so get moving on doing this in proper compliance with your local landlord-tenant laws.

Often banks have due on sale clauses in their paperwork that would be triggered by a transfer of ownership.

Not sure whether a phone call is enough to trigger that fee or not, but I won't argue with Bill's statement since it's definitely possible.

All that in addition to the challenges of zoning and building codes compliance.

Daniel,I looked at 75 to 100 houses before I pulled the trigger on my first deal.

You might tell him, that under the new SAFE Act regulations, he needs to sell his non-owner occupied property in compliance with the new law.

- if they do the work after April 22 and it is a pre-1978 structure make certain you are in compliance.

In my case, that loan's terms did not change, since I always remained in compliance with their terms.