By the time I got to book number 5, I had discovered BP and that was all she wrote.

Forcing you to refinance some day at 10% might be an appealing option to them.If they start calling all these mortgages, they may discover they're going to lose even more money with all the foreclosures they cause.

Or is that left entirely to the lending institution?

Once they discover you're a weak landlord, whos to say they dont decide to milk the situation and stay a few more months for free.

The real issue is not so much the forged documents of ownership, but the forged documents of ownership when the lending institution didn't actually own the property.

I say that because if rates get too much lower, I am willing to bet that financing (as difficult as institutional lending is now) will be even more difficult to get for the simple fact that there will be even less money in doing such deals for banks.

Does anyone have any advise on purchasing 5 unit rental via purchasing existing LLC and subject to existing loan (obviously the lender could call the loan if discovered) - saves transfer/recording fees for seller/buyer now and variable rate based on 12-month treasury currently around 3%.

“I believe that banking institutions are more dangerous to our liberties than standing armies.”

:roll: After much explaining that these were not *actual* toddlers with *actual* berries, someone wants to know what these Blackberries are.... at which point I discover that I don't actually know.

Yesterday I discovered one was not sold, but rented, and in the same conversation was told that a house 2 doors from me, slightly larger than mine, was sold .