my advice is be polite to them and try to work with them to leave the place clean. tell them you would like them to leave ASAP and leave it in good condition.obviously you can 'go after them' all you want, but what are you going to get other than their first born. understand that you can huff and puff all you want and threaten to sue if they don't do this and they don't do that, but that won't motivate them if they have nothing to lose. if i were you, my goal would be to be as nice as possible to raise your chances of getting that place back as clean as possible.

Well, then you are probably upside down on all of them.If you are concerned about your FICO, anything less than a full 100% payoff or keeping the payments current until the market turns around is going to hurt.Many will debate the degree of the pain but at this point, there is not much point to it.

The tenant is leaving no matter what.

Then, he'll just need to follow the laws in California concerning evictions.Can he collect money from them for lost rent and utilities?

I'm just concerned that when it's all said and done the American people will not reap the rewards on the resale of these assets.

Hi Mike,You've got a lot in the way of questions so I'll take the first one and leave the others for another investor to answer.With a contract for deed you're entering into an agreement with the seller to purchase their property under whatever terms you're able to agree to.Pretend for a second that you have a house for sale and I agree to purchase it under the terms of a contract for deed by making payments of $1,000 per month for 10 years.

This is something that I am a little concerned about but not to worried, because of how the market is especially for loans.

I have an abandonment clause in the lease that permits me to enter, and I also have a clause that request that they notify me if they leave town for 7 days or more to help prevent these kinds of issues from arising.

Are you seeing vacancies as a result of day laborers leaving?

A straight loan to an LLC is pretty simple, and could leave an investor at risk if we were to go under.