If the property is then forced into a foreclosure auction, the first mortgage would be paid off, then any senior liens get paid, and then the lien that was assigned to you would be paid (in full) -if there is enough equity in the property, or you could win the property at auction for just what remains on the mortgage and senior liens.  

If it isn't a short sale, your end of the job should remain unchanged.

A Section 8 inspector will inspect your property and if it fails the inspection your payments will cease but the tenant will remain -- it will be your responsibility to evict the tenant. 

They should have no relation to what you actually hold in reserves.Your actual reserve amount should be based on an estimation of the remaining useful life of your CAPEX items and an estimation of the repair cost (projected out to the end of life).

The only upside is that one day the tipping point will come where the remaining stores will end up with a proportionate share of the customers.

Never changed a thing, my intent has remained constant, the spin is from your end claiming there is one.

You'll have a hard time checking on the PM from that distance.It sound like you want the remaining money left after expenses to just be break even.

When most of the Short Sales are bought and Short Sale inventory goes down the Well Financed Investor Companies will be the ones offering the 10% EMD's in order to profit off of the remaining inventory.After all, why not pay the EMD when you are going to make a profit of 10K or whatever your criteria is.

We started this competition to increase the activity of social networking, sharing of education, and increase the awareness of the company as to how powerful social media can be.It is a 90 day challenge and it is based off of the BP Profile awards.Here is the company e-mail that was sent outlining the competition:~~~You have been challenged to join the Bigger Pockets Showdown - a Customer First Competition.What it isA company wide challenge to remain relevant and active on the BiggerPockets forum.When it starts:Friday August 6th - ends Friday November 5th at 12:00pm.How you participate:Sign up on the BiggerPockets forum and start posting on the forums, writing blogs, etc.How you win:Be the leading scorer at the end of the 90 day challenge.How to earn points:1 Point - Bigger Pockets Level 1 Award2 Points - Bigger Pockets Level 2 Award5 Points - Bigger Pockets Level 3 AwardWhat you winFramed Championship Photo of Winner on the WallEngraved TrophyA brand new laptop of your choiceAdditional RulesAny awards that you have already achieved prior to August 6th, 2010 will not count in this competition.The "Profile Complete" and "Reporter" awards do not count towards earning points.Every two weeks updated scores will be posted in the office.This is not a mandatory competition.

maybe they are paid out if there's any profit remaining. but to stick a bank/investor for some parent that can't pay $25k, well, if that were the case, banks would be out of business. :)