I will tell you from the deepest depths of my soul that I can't stand property management.You ought to here the horror stories I hear from my sellers when I list their properties.Managing is a very tough business.I think where many investors go wrong is they try to be CHEAP in paying a manager.When they buy that 1st house they believe that collecting rent will be easy.When they find out it is much more intensive than thought they now look for a manager.The problem is they didn't take this into consideration when buying and now will have a cash flow problem.So they then try to find the cheapest person possible.YOU GET WHAT YOU PAY FOR.What buyers should do is say I am going to manage myself but just in case that doesn't work out I have already priced a PM company into my offer to buy this property.This is what happens to people who don't plan enough for a fix and flip and they get stuck with a rental and a nightmare to deal with.You have to plan upfront as much as possible so that you mitigate the risk as much as possible of problems happening.For houses many brokers/agents look at it as good side income but it is not a huge paycheck for them.As soon as sales pick up they could care less.Why does everyone let themselves get locked into a 1 year contract with no provisions??

This however will become evident when you actually see how your customized set of numbers work out, and compare the result to what is necessary to achieve your personal financial objective.

For a lender to get reimbursed for losses on a loan generally they have to go through certain steps.Generally the mortgage servicing company handling the loan has a servicing agreement where certain protocols must be followed.The loan has to be put through a process and workouts and DIL,short sale,and every other option under the sun before they foreclose.At the foreclosure sale they are bidding loan amount and late payments,penalties, attorney fees,etc.

It's happened with a few others, I figured these were glitches that you folks would work out, butam now bringing it up.

If you fix-and-flip it's more time intensive, but will be sporadic (when you're fixing a house you'll spend a lot more time).

They're much more labor-intensive to underwrite, and they don't get paid any more for them when reselling.

Ultimately, if the FC date has already been set, which is the case here, "they" could be the investor who is holding the investment since they have final say on postponements as they usually incur a legal expense.In my opinion, "they" may have chosen to incur the expense in order for the servicer (Mortgage co.) to do a workout (loan modification, short sale, DIL).Eric is correct, there are many reasons for a postponement.

I've decided to pay for the title work out of pocket should my agents title person think this is something that can get sorted out.I have been very attached to this property, but find that waining lately and went out to look at other homes yesterday.

Eat whatever you want, don't work out, and take this magic pill and you will lose weight.

They mailed me a check with a note that offered a free upgrade to one of the more intensive trainings.