If you haven't done that recently, you can change policies mid-term, but you will need to make sure your bank or loan servicer know if you do change.

The truth is, over the last few years, many of these people are barely cashflowing at all and the default rate with the banks on this product is skyrocketing.

As I studied earlier, the first thing you should do is marketing, then get a call and do a property analysis to understand if it's profitable for you, then meet with the seller and sign all the necessary papers, then if there is a debt in the bank we do a reinstatement quote, then do a title search to check if there are any hidden debts, if everything is fine we look for an investor or flipper and sign an assignment of contract with him and wait for closing to get our money.

Basically, they name everyone because they’re hoping and counting on the fact that people set up their own LLCs and didn’t adhere to basic entity maintenance and kept things separate (like bookkeeping and separate bank accounts).

@Hellen Sut in Michigan, once we have a money judgment, we try to garnish: wages, bank accounts and their state tax refund.

Quote from @Quinn Olivarez: If I were the original seller, I would tell the bank I sold the house so that I could get the ball rolling on getting it out of this sub to agreement that is probably not enforceable in most jurisdictions.

I find it hard to believe that investors are actually buying negative cash flow deals, but they are and then banking on appreciation.

It is a conventional loan that the bank keeps in their portfolio

Travel nurses are making bank and sometimes I think the locums companies provide lodging.

Banks can shut down an equity line at a whim, so there is a strong risk there.