Judgment states:BAN ON SECURED AND UNSECURED DEBT RELIEF PRODUCTS AND SERVICES PROHIBITION AGAINST MISREPRESENTATIONS RELATING TO FINANCIAL PRODUCTS AND SERVICES PROHIBITION AGAINST MISREPRESENTATIONS RELATING TO ANY PRODUCTS OR SERVICES MONETARY JUDGMENT AND PARTIAL SUSPENSION

We certainly have not gotten completely on top of defaults and even in short timeline foreclosure states you can have a loan sit around for a variety of reasons attempting to reinstate or contemplate relief that finally goes south.We could mark all of this is as "bad" servicing and administration over the loans.  

Everyone,Thanks for the advice and suggestions, insurance is one of those things everyone hates but you have to have it and you feel its a waste of money until something happens and then its a relief.

The taxation relief for empty spaces in Canada is wonderful for investors, not so here in Texas.

We snaked it to get some temporary relief and it works for now, but eventually we are going to have to shell out $5k to have the line replaced, it's damaged by a tree root.

If they aren't going to start paying on it and get it current, the lender will move for relief and based on the numbers the OP stated, will get relief and continue with the foreclosure so, why spend $2M filing BK and further destroy credit, to stall a foreclosure for 60 days that's gonna happen anyway.

@Travis Lloyd Wow, awesome local feedback--that's a relief to hear, somewhat!

When major debt relief began in the 1990s, it did a lot to rescue countries that were almost certainly destined to fail otherwise.

If the seller is feeling some pain, they probably want some relief quickly.  

Specificially, you should cross out a portion of the first sentence of section 15 and replace it with some other language, so that it reads: “If Buyer fails to comply with this contract, Buyer will be in default, and Seller may (a) enforce specific performance, seek such other relief as may be provided by law, or both, or (b), as Seller’s sole and exclusive remedy, terminate this contract and receive the earnest money as liquidated damages, thereby releasing both parties from this contract.”