Besides the ones in default, there are countless others under the "moratorium" classification. 

An Ohio court has the power to enforce the cognovit terms of a note only where one of the note’s makers lives or signed it.The State of Ohio allows a cognovit language on a commercial promissory note: I have copied the language from the note as well for your review.CONFESSION OF JUDGMENT: If I default, I authorize an attorney to appear in a court of record and confess judgment against me in favor of you.

The other thing that others have said is that the structure is that of an LLC  where your a member with them and if you default they just take over the company ( which I don't know for a fact but I think that is a good move on their part i would do the same in the same position.)Lastly others have said when they have the phone call its hard sell  to get the 3k in the door. 

@Garrett Hollenbach if the Loan is not in your name then bank won’t have the clean recourse to go after assets/collateral if you were to default on the mortgage

In my head, this is an elegant situation: as long as the numbers work out, my income is irrelevant to a bank since they are guaranteed to be default-free via the escrow account long enough to sell the loan if they wanted to, and over time the value of the house and my income should each be substantially higher.It's not without risk, and it's unorthodox, so it will probably be a struggle to find a lender comfortable with this scenario.  

Default rent ratio in sacramento is 0.56 for SFR, while MF is perhaps 0.62.

A total of only 9,702 U.S. properties received foreclosure filings in January 2021 (i.e. default notices, scheduled auctions, and bank repossessions).

You can find a list of the conditions you must ensure are met in order for the property to be considered legally livable (and by default, rentable) under California Civil Code 1941.1. 

Hi @Ruben Cuevas, you absolutely CAN but I would default to you own goals. 

We're looking at a tape consisting mostly of defaulted reverse mortgages.