I can say as a mortgage holder that the foreclosure laws in NY are so much of a pain in the behind for us as mortgage holders that our firm avoids the State all together.

So a SFH operator needs to recognize that they should not be managing multi-family if they do not know what they are doing and visa-versa.

When you sell on a wrap, you're essentially the 2nd lien holder, right?

A true due on sale clause states that the entire loan balance becomes “due on sale or other (lawfully restricted) transfer, as the option of the holder.”

I put up laminate paper holders around the rental and slip these in so they are easy to access.

I like BAC Visa for 3% gas 2% groc 1% everything else.

@Roy N.My biggest fear in the Canada market is a sharp increase in interest rates shocking variable rate loan holders and making it harder to refinance.

Here's one weird trick they don't want you to know - when you have 9756 pages of regulation your implicitly writing loopholes into the law VIs-a-vie regulatory capture.

Lennar probably should be a billionaire or maybe their stock holders.. 

Brokers don't want you contacting a borrower, or note holder, for good reason, but I'd forget their reason under a commitment as now you'll have the right to audit, communication will be a very delicate matter too.