This type of mortgage makes the foreclosure process easier for the lender because once the suit has been filed and the original note and a certified copy of the mortgage has been provided, the court will issue an order for the process to begin.Once ordered, the borrower must be then be served with a demand for the delinquent payments.

It makes it easier since all the information is coming in one package from a reputable source who has scrutinized the process.

The mortgage just appeared on my credit report last month and my scores today were in the 660's - 680's.

There doesn't appear to be too much room.

,,,lasts 20-30 years,,,its a no-brainerHouses here dont require appliances but are easier to rent sometimes.

Your are a cash buy so it is easier to do this to you since there is no bank/lender to analyze the fees.

You don't want to appear as a motivated or distressed landlord - IMO).

Now most of them use www.erentpayment.com, much easier for me to track although it takes about 3 days before the money is transferred to my account.

Then he can foreclose upon you and you can also have a forgivable caveat on the mortgage.I have done dozens of JV's/OP's and mortgages are just so much easier as they leave your investor secured, attached to title with everything laid out and clear.

And then some of the odd actions taken, which appear as smoke screens, like the fed's instituting a new way to calculate CPI that does not factor in 1/2 of the true mass market factors, so to appear that there is little to no inflation.