The lenders were stung hard with loan defaults from the last downturn.In development projects the developers generally do not become profitable until the tail end of a project.

You could get into a lot of issues with the City.Personally, I explicitly forbid business at my residential properties and make it a known default to void the lease.

I don't see this as a usable metric.My benchmark is the GSI x 10 (a default GRM) 

The default classification for a single-member LLC is sole proprietorship (the LLC is disregarded entity, so it is treated as though it isn't there).

The statutory default rule sets out a non-competition requirement, which is quite difficult to waive in Ohio without specialized knowledge of the case law.

Here are the facts as I know them (actual dollar amounts to follow) The property was defaulted a few years ago and tenants moved out.

There's zero case law on this one, probably because it's absurd to foreclose for this reason alone in this climate, but there have been reports of people getting nasty letters from their banks telling them to undo their conveyances or face default.3.

Not sure about Vermont but here in Maryland the bank files a Notice of Default (NOD) with the courthouse.

You don't want to be a property owner by default.

@Donny Widjaja  since your being asked to just loan enough money to make payments on the existing first mortgage . you would simply be doing a unsecured Promissory note.Although not tagged to a property there is no defense for non payment and a judgement is easily gotten ... caveat is that this person actually has some assets which sounds like he probably does not since he needs to borrow from you to make payments .unsecured prom notes to a very qualified a borrower are fine.. second loans behind construction loans are not are not advisable in any scenario and can very well be a event of default on the first loan.