With the home underwater, they borrower will not be able to refinance and so a large wave of defaults are expected to occur over the next 2 yearsSee full article at:http://www.realtytrac.com/news/mortgage-and-finance/heloc-resets-report/

There was no “report”, but the licensed septic man (Walt Steuer) did not recommend any repairs; he simply hauled the waste away.

From the linked article:"Sixty percent of low-income renters spend more than 50 percent of their income on rent, according to a report in May from New York University’s Furman Center."

Maybe someone is reporting them.  

Appraisal report complete erroneous.

However I always return the application fee if I don't end up running a credit report and I do that last so many people get weeded out before I get to the credit report so most of my prospective tenants who are rejected do get their application fee returned.Damon DuperreDBM LLC

Questions: - Is there any special reporting required because of the loss?  

information on this report is as of November 11, 2014.None of the rents from the free market apts were included on this DHCR report.

Each title company presents their 'offer to insure' called a preliminary report, subject to their interpretatation of status of title and their list of exceptions, if any, which are the 'fine print'.Generally, prior to a quiet title or other lawsuit requiring notice to other parties of interest (including creditors) a litigation guarantee is the product offered, naming all those parties that requiring noticing, including any government agencies. 

As a byproduct of that, we'll benefit from moving them to commercial loans and no longer having the various loans on our personal credit/credit report - a nice side effect as we're in the midst of moving our primary residence as well as it's a lot easier to deal with now that we have 6 mortgages gone from our credit report and are down to just our primary residence.