Hi Ronald,The language on the contract is that if in 3 years the properties have not yet been satisfied then the lender as the right to foreclose on the current property within 24 hours of the missed June 20, 2021 date.With respect to the developers, they have not come back with a firm commitment which is why the lenders are unable to provide us a product to move settle the current debt with the seller financed note. 

This is normal and probably written in the standard contract language. 

The prompt reply I got to that language was refreshing:“...

The lawsuit in LA County Superior Court ended in a (sort of) victory, when Judge James Chalfant ruled that the Department of Public Health “acted arbitrarily” in closing outdoor dining at restaurants, chiding public health officials for a perceived "lack of data" to show that restaurants were directly causing a spike in COVID-19 cases.

The judges are actually elected officials called Justices of the Peace.

My Wife and I are getting ready to take the plunge into the rental business for the first time (Officially).

. :) But in my opinion to name a few aspects the Philippines has; english language is widely spoken, a growing economy, highly skilled workforce, huge housing deficit, and a real estate market that is waiting for some creative minds to take advantage of.

@James Hamling when is this official?

It depends on the contract language or state.

The problem is once we leave, we will officially "flip the ratio" where there are more rental units than owner-occupied units.