The couple is divorced. both names on the mortgage. went to auction for foreclosure now. some equity for the owner probably still in property. existing/defaulting FHA loan at a low rate. 

Anyway.. they would video tape the actual closing and the main reason was to go over the terms of the NOTE.. this is 15% interest you go into default by non payment or non payment of insurance the rate jumps to 22% this is short term loan its due in 12 months if you dont pay we have the right to foreclose or we can charge another 5 points just like the points your paying today. 

I've heard that a lot of the Sub-To deals that the bank's have previously turned a blind eye to are having their Due On Sale Clauses enforced now that rates are remaining higher for the foreseeable future.How ya'll keeping the grift going now that the buck is due?

Yeah, my only STR's are/have been former primary residences that are in my portfolio because I didn't want to sell them, and because I've had so much demand on them they end up being MTR's (one STR guest stayed for 2 years lol, paying STR rates).

You likely have a good interest rate based on purchase date, and you have a property tax basis that stays low if the market ever recovers.

Branson area STR's are experiencing great cap rates and returns for our investors in Stone and Taney County. 

I have a 30 day notice that requires I be paid my rate for any of the bookings within that window and I would continue my services during that time.

It's a 12 year term with a 4.75% interest rate with $175,000 down. 

Hey @Christina Galdieri, I am a bit confused on your question but in general: If your asset is sold after 12 months from buying it, those gains are considered long term capital gains and taxed at a reduced rate. 

Did you notice what the ratings were of all of those corps before they started down the path to doom?