Nevertheless, I closed on this property a couple weeks ago, and received a letter from the county assessor that they had no record of the grantor (in this case, Nationstar bank) being assessed to the property and that they had no record of a trustee deed being granted to the grantor.

The apt buildings are a place for residual income and they are long term ways to store wealth and receive income monthly.

The Articles also must include the name and address of a statutory agent, who can receive official notification of various things.

Lump sum prices may be paid on an option, depending on the source of funds from that tenant, but it may change the income qualifications to receive Sec 8, so it is difficult to meet the requirements and be within a reasonable purchase transaction for a property that meets Sec 8 rental requirements.

A thought struck me - maybe absurd.If you don't receive the funds from Section 8 directly maybe your PM siphon off money from you?

I just received an email notifying me that the city is going to demo the property because it is hazardous.

So if the can show cash in a bank account is much more stronger having received the money than hearing (they tell us we are getting the money any day now).

So here is a thought I had:If rent is due on the first, and has to be received on the first, couldn't I give the cure or quit notice on the 2nd day?

Carl, in reality there is a limit to anyone receiving another commercial loan.

If the borrower cannot or does not show financials to the lender, or if the financials are not satisfactory when the lender receives them and reviews, then the lender can (and likely will) call the loan due.