They send it by email after the month's statistics are released. 

The Lender has the obligation to accept this payment to release their interest in your Seller's property. 

To be honest with you I thought I had gotten the prorated amount of rent for August when we closed on 8/14/15, but this wasn't the case.  Being that this is my first deal I probably should have paid a little bit close...

In that case, extend a little grace or later refund the late fee depending on the language of the lease.

We then released all contingencies from the contract by using a Contingency Removal Form.

This is where you lease option from the owner then re-lease option it to a tenant buyer and  make money on the spread. 

In such a case, any amount remaining once all debts and costs have been satisfied shall be returned to the mortgagor.Conversely, when the mortgagor has little to no equity in the property - particularly where the equity is less than the sum of all amounts owed, the court may shorten the redemption period and, at least in our experience on this end of the Country, enable the lender to take possession and sell the property at a price between what is owed and FMV.2a) When you reach the stage where the lender has filed a Statement of Claim, the note extended to the mortgagor has been accelerated and is due in full (principal, all accrued interest and any costs or penalties).   2b) During the redemption period the mortgagor has the right to redeem (buy back) the property.  

I may have to extend my original timeline of 2 years though, it's really hard to find decent tenants in this part of town.  

So I want to extend the back of the house to the load bearing posts that sit outside and knock down the weird angled current exterior walls, Ceiling and flooring stay the same. 

Asian girl looking for rent for her extended family. 3 sisters, 1 brother in law, 3 older ladies (mother, aunts), and 1 nephew.Pro:- 3.5 adults income (4, but one of her sister has minimum wage job)- We saw that she keep her current house pretty clean.Con:- If they happened to split up, each one of them won't have enough income to pay rent.- Since they pay by themselves, it's probably a bit harder to raise rent in the future.We are aware that we not suppose to discriminate base on rate, and we don't.