After days of back-and-forth, I finally received a corrected payoff letter on April 24 and wired the full amount on April 30.Now it’s been 23 days since I paid off the loan, and the lien still hasn’t been released.To make it worse, in May, Fay withdrew two additional payments from my account after the payoff.

With a preapproval letter from a hard money lender, how often does the loan fail to get approved, and what are the risks of losing my Earnest Money Deposit (EMD) What strategies can I use to secure the financing and purchase the property without risking the EMD? 

If you get a letter be prepared to go to court.

If the bank accounts are still active and have funds, a bank garnishment could happen after you get a judgment.If it is higher priority to try and teach the past tenant a lesson, than actually collecting the full amount owed, one potential option is to find a local attorney to send a demand letter.  

If your extension hands out POF letters to just anyone—qualified or not—then let’s call it what it is: a scam.Websites offering these kinds of “proof” letters are a dime a dozen online, usually with no verifiable bank statement and zero credibility.

Having a baseline knowledge of how your future deals will pencil out from a lender's perspective gives you a serious edge when it’s time to submit a Letter Of Intent.It’s not just about being ready, it’s about speaking the lender’s language when you are.

"Star Chasers" and "Staycations".First, spontaneous local travel is on the rise:Over 60 percent of "nearby" searches are from families and groups planning trips within 300 miles of homeForty-three percent of Americans are choosing to drive rather than fly for their summer travelThirty-nine percent say they are traveling domestically instead of internationally to save moneyNearly one in three parents with kids under 18 are actively choosing staycations over longer tripsLast-minute bookings are up, with flexibility and availability playing a major role in guest decision-makingTo take advantage of this trend, hosts should consider promoting easy weekend getaways or “within driving distance” escapes, offering flexible cancellation policies, and setting one- or two-night minimums to appeal to last-minute planners.

In our case, what we usually do is ask them to send us a formal signed letter explaining the specific reason why they need to pay their rent in two installments (usually because of how they get paid at work).We also ask for their permission and the contact number of their employer to verify the information.

Lastly the health dept can tell you who they mailed letters to and when, what emails were received and when…hopefully call logs as well. 

I received letters from Jackson County for my rentals for 2025 assessment notices.