Also, you can tell them they are earning interest on their equity and are not taking on much risk because they would get the property back to sell outright if you default on the note.

Once value is determined its a straight forward process of underwriting and making sure the lender is confident in your ability to pay back their loan or in the properties ability to be sold at a profit in the worst case scenario which is you defaulting on their loan.

https://www.ffreia.com/default...

Originally posted by @Basit Siddiqi:If your friend is on the mortgage, the lender will not allow her to deed it to you. the lender cant stop someone from deeding the property to another .. however they can view it as an event of default and start a foreclosure. 

You may be in a better position to discuss/negotiate an extension now as opposed to after a default, but not necessarily depending on the motivations and values of the lender.  

In some states everyone has workers comp by default through a state uninsured employers fund.

you have to work really hard to get down to 450.. like default on everything.

Yes without negotiated up front release clause the bank will require all proceeds sometimes they will negotiate after the fact but they dont have to.. the other thing is you default and you lose all 4 props..

For something like this, I always default to how much I value the tenant relationship.

- Add to your list Monthly Code Violations - Pull MonthlyVacant - Pull MonthlyWater shut off - Pull MonthlyTax Default - Pull YearlyThey key is to be proactive with your marketing and reach out to these homeowners asap.