Should this prospective tenant default on the lease, I would think evicting her would be very difficult as it would cost a good amount of money to serve her husband with the eviction papers.

There are two times in a file in default when a bank, or rather their lawyers, will look at a package and determine their next steps.  

But there are always defaults ALWAYS in all markets...

I am in an agent training program called BOLD ( Business Objective-A life by Design, not Default) We each need to make 20 contacts in a day (phone, face-to-face, anything but it has to be 2-way) -to a total of 100 contacts in a week, introduce ourselves and ask them if they or someone they know needs to sell or buy a home.

No need or reason to evict unless the tenants is in default under the lease.

To some, it's the default period prior to an actual foreclosure sale.

You have to know what you are doing or the interest eats up your profit fast and you are under a huge default risk which you may end up with nothing but debt. 

Search County sites for NODs (Notice Of Default) - - typically there's three and the last is a NTS(Notice of Trustee Sale).

The Note spells out the terms and conditions of the loan (interest rate, length of the loan, when payments are due, etc.)The Mortgage gives the lender the right to foreclose on the property and to force a sale if necessary, if all legal procedures are followed, in order to recover as much of their principal as they can if the borrower defaults on the terms of the note.

I figured I would have to start a default for a short sell, not ideal, but not out of the question.