In the case of an unemployed tenant I don't bother with the collection agency, but I still file it all with the courts so anyone doing a background check or credit check will see the eviction and unpaid amounts.I'm tired of taking a hit by these tenants, so I'm making sure all my existing tenants understand that there are consequences for not paying your rent and breaking a lease.

An existing lender/lien does not prevent owner financing.

So your stuck for a year from your existing property closing, then you could run another fha thru the fiancé.

Very respectful and appreciative, rent paid on time every month.I would place a lot of weight on the vibe you pick up on the initial meet and greet of the existing tenants.

You just need to try to reduce the fees to a minimum to help with marketing on the exists AND make sure that everything is broken out properly so the buyer's ratios don't get goofed up.

If so, feel free to ignore this.Many hard money lenders won't give you the time of day if you are discussing a deal that doesn't exist yet.

My relationship manger at the bank has explained that obtaining a mortgage over here is a non-starter as my credit history in the US is practically non-existent and I don't have the two years worth of tax returns needed as a minimum requirement.

or Would it be considered a refinance to just pull the equity out even if I don't have an existing mortgage on it.

Of course both of these would be irrelevant in an existing utility situation.

Lawsuits that are pending would produce a judgment that would be junior to the existing mortgage, so I don't see how those would attach to the property; and if they did, they are junior and would be extinguished in most jurisdictions.