Each month, I still have to file the DOR state taxes and just leave everything defaulted to zero and file. 

Just that the duplex is now subject to the first loan and only comes into play if I need to sell either lot, do any refinancing or default on one of the loans.

They said it will cost $3000 to get the name changed over… the letter sound so discouraging like there’s nothing anyone can do really except go in default or donate to them..

Banks/Lenders use a theory that if an investor encounters a loss be it in income, death, divorce, major sickness, or any other set back they are more likely to let their 2nd lien positions go in default before a 1st lien.Reason why I say this is although you have a great rate on the first mortgage you need to let it go and do a "Cash out refinance".

I am trying to locate an attorney that can help me negotiate settlements for 7 DSCR investor mortgages on single family homes that are at risk of defaulting.

If the new buyer of the land didn’t default on payments then it sounded like all agreements were satisfied.

I am hearing people are selling 5 partials on one note - which if that note defaults it is going to get VERY ugly.

If the borrower defaults recording takes time so you would lose that time4.

It simply states a large majority of WLI policy holders default on their investments for purposes not defined.

The biggest threat to her not getting her money is you structuring a bad deal and then having to default on the loan!