I went and delivered a courtesy late rent notice, saying that the $100 late fee just applied and every day from here on out $20 will apply.

Here is Fannie on the subject: Limits on the Number of Financed PropertiesIf the mortgage loan being delivered to Fannie Mae is secured by the borrower’s principal residence, there are no limitations on the number of other properties that the borrower will have financed.

You can deliver in person or send by certified mail.

It all got resolved but could have been smoother.Personally, I like to deliver the ownership change letter directly so I have a chance to meet all the tenants - and they get to know me as well.

Hi Fabian,I'm pretty sure that the bank periodically checks where your mail is being delivered to.

Look at it as a cost for participating; you do need to pay for the movies or the delivered pizza too!

Often times to deliver additional discounts on newly modified loans which arguably had a high chance of redefault.  

I personally trust a guy who says I will get a 5% return and delivers a 5% return versus a guy who offers a 10% return and delivers a 8% return.

In general, I'd like to think that most PMs try to be good, they just don't always have the tools that enable them to deliver a high level of service in a reasonable about of time at an affordable price.

b.These types of treatments are best suited for negative equity accounts where payment relief can be delivered through principal reduction and note rate can be adjusted to maintain yield.