It took close to 15+ years, but states are finally catching on that the majority of loans are no longer held by banks and by non-bank lenders who are selling them off to private equity and other non-bank funds including individuals and they are starting to hear about the shady stuff going around.Regarding straight sub-to and banks calling loans etc., this I think is longer term implosions as I am seeing people who absolutely should not be buying a home as they have no money buy them sub-to because of little down payment and will eventually lose the property and that is when many whose mortgages are still on the property come out and sue.

There are lots of millionaires in the Bay Area who weren't six figure earners and own a few properties who bought back in 2008 or way back in the 1960s and held onto them. 

They fell behind and the 1st lien LENDER filed for NOD and NTS - Notice of Trustee sale and it went to the TRUSTEE SALE X-XX-2023 where the property was SOLD to a Third Party BIDDER for $375,000I assume under this SCENARIO - the 3rd PARTY bidder who purchased the property at the Trustee Sale Auction 8-23-2023 was buying the property involving the action being BROUGHT to the TRUSTEE SALE AUCTION  by the 1st lien DOT lender and that the SUBORDINATE $101,500 2nd lien Held by HUD may have received any (some) OVER BID funds but utilmately was WIPED OUT at the Trustee sale Auction...Thus their 2nd lien Goes away...Do not believe that the SUBORDINATE DOT lien to HUD survives the Trustee Sale unless they BID to protect their juinor lien interest.

I am working on closing a sale of one of my properties which is being held up because I am being ghosted by Trophy Point. 

I also think what is holding people back is same thing that held me back.1.

Below is a graph showing the IRR results over the next five years if I held onto theproperties and increased them to market rent.If I hold for 5 more years, the IRR still goes down!

If somebody is injured (or worse) on your property due to negligence you could be held personally liable.

The old saying is "You marry the property, but date the rate" meaning the property can be held a long time but you can refinance over and over.

I held a bank account with Northfolk Bank.

Liabilities, debts, and obligations are only held against each child LLC and not against the parent LLC or other child(ren) LLCs.