I set up the first "system" to service seller financed notes and installment contracts with a guarantee, like PMI, for seller financed deals.

One of the things you will want to clarify with your investors is if they want you to personally guarantee the note.

There you will find links for "Bank REO Listings" and "REO Asset Managers".Of course, Citi could have this loan guaranteed by some mortgage insurer or gov't enterprise (like Fannie or Freddie or VA or FHA); in this event it could be sold via the channels used by those entities.

This means they are going to evaluate your experience, credit, and financials to determine if your guarantee is worth anything and if you are an asset or liability as the property owner.

Luckily there is no law pertaining to length of lease.When I'm in doubt with a new tenant I go for the month-to-month lease.Except for college students where I get the good ol' Parental Guarantee!

They are not guaranteeing the property to be free and clear, it lacks provisions that are in the General Warranty Deed.

Although we never guarantee funding because we are not a lender, we take great pride in the fact that we have helped hundreds of business owners and developers secure over $5 billion in funding during the 18 years we have been in business.

If you win, the money comes back to you; if the contractor wins, he is paid from escrow.Because the money is guaranteed to be available should the contractor win the court case, there was no reason that the title company needed to hold up the sale of the property, though I imagine the new buyers were informed that there was a lien on their property still.

That doesn't mean you need cash sitting in a bank. 401k, stocks, mutual funds, or any asset that can be liquidated would generally suffice.Given most commercial loans are full-recourse these days, it doesn't do the lender much good to have the borrower guarantee a loan if that guarantee is worthless.

I know with higher end rentals it is not a guarantee that I will not run into this situation, but with some of the low income rentals there will probably be a greater chance of some mad tenants.I know it is still not difficult to track down an address if you are determined, but if they are mailing the checks to a P.O.