My experience has been that homes cut up into units may or may not be legal in any given community.

The loan would still be in there name, but you would have legal right to the property.

@Tam Truong I agree with my colleagues above - restructuring won't help on taxes.

That is all you should need to legally enter the property.

DISCLAIMER: Not legal advice, just the opinions of some dolt on the internet, advice should not be taken for anymore than entertainment value, and that is questionable :)

@Jake Langley The note needs to be 120 days delinquent before you can start FC (record the NOD).https://www.nolo.com/legal-encyclopedia/nevada-for...Before you record the NOD, however, you need to send the borrower a breach letter, which is sent out at 90 days delinquency.

The HOA had tried unsuccessfully to get insurance to pay for repairs, but insurance has denied the claim.So my question is whether or not this is something that should have been disclosed legally, or whether it is simply a case of "buyer beware" and now it's my problem to deal with $$$$$$$$$$.Anyone have insight? 

HelloToday I looked at a foreclosure property for a potential investor as I was talking to the agent he suggested that this might not be legal? 

He handles pretty much everything for me in regards to any legal stuff for my real estate.

Legally, you don't have to report it, but showing the taxable wages would solve the problem.