Hi BP Community! How long of notice do I have to give a tenant that I am not renewing their lease in the state of Maryland? I inherited both tenants and they have been late several times. The contract is coming up, an...

@Neil Aggarwal Pretty much all vendors in the industry use "Preforeclosure" to mean the period of time between the notice of default and notice of trustee sale in non-judicial foreclosure, or between the lis pendens and the notice of sale in judicial states (with some state to state variation thanks to things like combo notices).For the period you mention, during which the owner is simply late on their payments, those are called "mortgage late" leads or 30/60/90 day late leads.

The IRS example is for people using the HELOC to pay for non-income producing activities.The theory is that generating income typically generates more tax revenue for the government.

Does anyone know if this is possible and/or a lender in Philadelphia, PA that would consider this scenario:A personal (not business) HELOC for a Non-Occupant, Co-Applicant (or, if possible, sole applicant), Co-Owner (less than 12 mo on the deed)? 

The paperwork/deed/mortgage signed at closing for FHA/owner occupant financing explicitly states required occupancy within 60 days, for a minimum of 12 months occupancy before non-owner-occupying status, as Chris stated above.

It charges my rentals a management fee, it's income to the management company from which I deduct at the time mainly my medical insurance and co-pays.

However, I would like to begin my exit from the lifestyle this career demands.I currently own one property that I have lived at for two years, a one bedroom high rise just outside of the Texas Medical Center.

Also from non collateralized debt to collateralized debt. 

Since the property is only $40k, you won't qualify for many loans which have 50k or 60K minimums.Find a non-emotional partner - with $$$.

All of your confidential information is already online: financial, medical etc.