Hello friends,I have heard many podcasts with lawyers saying that real estate is the most common source of lawsuits and that its not if but when we'll get sued.  

If you set an alert for "Madison Meetup" or something similar you should see it pop up in your notifications.

Mentioning beforehand will save you and the agent some time, would it not?

I am not if 50% rule really applies to this property as the taxes are very low compared to other areas, hence increasing potential net income...

I just got the notification from the city that there is a new apartment complex that will come up right in front of my house.

Not if you have a team in place.

Gail made a very good point that it may resort to cash for keys but hopefully it will not. 

@Mindy Jensen  non recourse and a 1099 are completely different things.I think what your asking is does this state allow for a deficiency judgment on a purchase money deed of trust or mortgage I think that's your first question or what your trying to figure out.Most states do however west coast state like CA WA OR NV AZ do not if its OWNER OCC and it was purchase money..

Here is an idea, send the initial notification certified with a return receipt, then maybe a month prior to the actual increase, send a friendly reminder regular mail?

This is what the 1099 is -- a notification to the IRS and the contractor that a certain amount of money was paid for contractor services.The deduction on the contractor payment is your right; the notification is your responsibility.