Call your local housing authority and see how you can access the funds available to pay LLs for back rent.   

Local housing authority states they will pay up to $1088 for the property.Mainly cosmetic repairs needed.

You just cannot go after the borrower for any money and only recourse is the propertyI have never heard of a BK court voiding the security instrument (not sure they have any authority over it) but can wipe the debt which is what ch 7 does

It is assignable unless the contract states otherwise.What reasons would you see to utilize a custom contract in lieu of a state authorized contract?

However, yesterday from their facebook, I found they actually have three additional unauthorized cats on top of the authorized two dogs.

They are registered (if you see NMLSR, that's what the R is, registered), and that registration is good nationwide (or, more accurately, wherever the depository is authorized to do business).Loan originators at mortgage banks, as well as loan originators that are mortgage brokers, have to complete coursework and pass a test to get a license, and it's a state specific license.

They are all silos of authority. 

But until it runs the gauntlet of congress it's just one more campaign promise. 

I am currently reading Real Estate investing 101 and the author advises against owning investment properties in your own name & recommends setting up an LLC as a form of personal asset protection.

We will continue to fight to preserve Section 1031 in full as Congress considers the American Families Plan.Following are some things you can do to help with Section 1031 advocacy efforts:Send a letter to Congress: An UPDATED grassroots letter is available for you to send to your members of Congress urging them to preserve Section 1031.