I have previously bought REO without issue, but the property was in better condition.

I am freaking out as I have already started the eviction process with the current occupant, the previous homeowner, who called me and said that nationstar told her she would get her house back.

But, most sophisticated long term investors only allocate small portions (less than 5%) of their portfolio to these low (or negative) expected return assets in exchange for their diversification and downside risk benefits.Now, multi-family housing and storage units are a little different.

Section 8 in Charlotte in particular has recently been much stricter on these deadlines so I would not be surprised this is what has happened.In terms of your recourse against the previous manager, good luck.

It seems that a well performing loan would be the banks interest to keep, but it's always good to be prepared.Thanks in advance, we've learned as much in the last 2 months of watching BP as in the previous 4 years on our own.

If your background is unrelated to business, business development, management, etc. it may pay for you to go audit some courses at your local community college.

If I executed a Promissory note for $350k and concurrently a Deed of Trust that secures 3 properties up to $350k and if this is the total obligation owed to a lender, can the lender still hold a previously executed Deed of Trust of $100k for additional security?

You can probably do it online through a local community college, or something like Allied Schools.

Been reading the books and dragging my feet for years while I established my professional career (love it, not looking to leave, just supplement).So I live in a nice college town where occupancy rates are high and the leases run 12 mos. and I'm ready to get into the game.

Does the change in ownership affect the lease signed with previous owner?