Typically, I give options...depending on what the market is doing, either six or twelve month term for, say, 1000 per month, or they can sign a month-to-month for 1150 per month, or, they can allow the existing agreement to end, and vacate the premises by the last day.

Many possibilities exist and some can be a great way to go.

It would take new law or creative interpretation of existing law to make it illegal (which would call into question all business relationships).

The chairwomen of a federal regulator said that many of the 2/28 loans started with rates that were above the Fed rate.

The person in direct contract and with a pre-existing formal agreement to help the seller move the product.Buyer's mandate would be the opposite.Some use the term when they want to say they are direct to a principal.

They are motivated by the regulators to clear it out sooner or later.John Corey

That number includes properties where I added systems where none existed before!

Approximately how long you want to hold before existing again.

The regulators expect the REOs to be cleared out and impose pretty hard capital requirements to motivate the banks to sell.

I believe they are regulated form making an overall profit from their sales in aggregate.