I apply the same practice in BP.

If any loan is made in violation of that written policy it is basically a stike against them in following prudent lending practices even if it was a great loan, it's still in vilation of the way the bank said they would conduct business.

Now, all that said, if everyone would take his approach we would collectively depress the market.

I know I have seen a ton of NCND’s in my dealings with Bulk REO and this sounds like a silly line from someone that does not know what they are speaking about in the Bulk REO arena or some type of scare tactic that would never be collectable.

That's because the seller will collect the full months rent on the first of the month.

Will I be in line to collect something in bankrupcy?

Its come up a few times here, and none of us seem to have any real detailed information.Can you please tell us for a typical resort condo type property, what can we expect for scheduled rent, actual collected rent, and actual expenses?

In 2 years I can retire (at age 36 not bad) however I won't be able to collect my pension until I am 55.

I met a Chicago attorney who had a practice that was specifically and exclusively designed to lower people's property taxes.

I've seen people with miltiple collections and lots of late payments come in with a score of 680.