You are starting correctly by educating yourself and posting here on Bigger Pockets.

Consult a lawyer or one of the numerous books on running an LLC to get the correct wording.

California hoa law is the Davis-Sterling Act, I think, and that spelling may be not quite correct.

When they do things better than you will it is because of better tools or experience.

So the treasury buys this loan and then, if I am hearing the plan correctly, will wait for the market to rebound and then sell the asset so that banks don't have to deal with "firesale" prices aka the actual prices of these assets.

Otherwise, Richard is correct.

We could not have this converasation in the open in Russia, China, Berkley, :lol: CaThis thread is a bit toxic, why focus on this part of the correction?

But you can just use this as a tool to work your away around the lender.

OF COURSE the bankers (more correctly called banksters) must be the ones to clean up the mess--with glaring governmental oversight.

I went yesterday and bought a 2x4 1/2" panel and had them cut it to the correct size for me, then in half so I can set it in.