So more rental units are entering the market, but less consumers are chasing them.

I am interested in hearing some feedback and knowing how many investor agents focus more on working with consumers as opposed to investors and how it has helped their business and their knowledge of real estate.

While it certainly is a large time consuming process, in reality, the bank approval is just one more step to generating clear title so the transaction can be closed.

There are also consumer protection issues around marketing such detail.

On May 25, 2012, the Consumer Financial Protection Bureau (Bureau) issued a Proposed Rule (Rule) which, if adopted, would govern the process by which a "nonbank covered person" may become subject to the supervisory authority of the Bureau.

From my experience it is easy to get a judgement.It is very hard and time consuming to collect.Therefore especially on any tenant that is questionable you have to get a large security deposit to compensate.If you don't you will be sorry later.For judgements you can try the bill collector route but it almost never works,you can try an attorney but that doesn't work,you can do it yourself,or hire a judgement collector company.You have to make sure the past tenant is not "judgement proof" and will just file bankruptcy or has nothing to lose to begin with.After years you might collect some of the money.The best thing to do is either hire it off to a "judgement collection company" where they pay for court costs and collection split what they collect 50/50 with you which can take years OR you can sell the judgement to them for maybe 15 to 20 cents on the dollar and they pay you today.The judgement has to be for a certain size and they will research the debtor to see if they are judgement proof before offering the cash upfront.

Consumers owe it to themselves to keep their options open or else they have no one to cry to when they become victims of their own complacency.If you are trying to create value out of service instead of price... say it.

I'm not going to take the creditor's side immediately and place ALL the blame on the consumer.

The SAFE Act is a large document and about 3/4ths of the way there are several paragraphs concerning dealers and seller financing, of residential property, basically that if sales are done as a business or non-owner occupied that a mortgage originator license is required or an MO to be used.The CFPB consumer financial protection board is a newly established agency that will have oversight of all consumer financing to include installment sales in real estate.

The stress is taking a toll on my health and I am considering stop paying all mortgages.Once foreclosure happens I would consider filing chapter 7 bankruptcy to avoid any deficiency judgments (I live in NY).I have no consumer debt only the debt on the properties which is all in my name.I have a day job where I make approx $80k/year.