Of course unless your buying defaulted notes at the get go then again as Chris mentioned this type of fee should be handled up front.. and if it new origination your making and then they go bad.. in your foreclosures you can charge the borrower these fee's when they cure or add it to you opening bid and when someone buys it at the court house you get repaid..

Not exactly sure what Safeguard does but if they are originating notes for owner occupied properties then they need to follow the Dodd Frank rules and anyone buying such notes should make sure they did.  

@Ming HuangRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Investment Info:Townhouse buy & hold investment.

Does anyone know if buying a condo in Miami is a good idea?

Do you ever see signage near the road that says "we buy houses" call that number and have a conversation!

I did not come back to revisit this post from so long ago.I did not buy this property. 

My partner know how to do it and said he could buy the stuff on the internet for $200 and we could permit it and he'd wire it.

Is there a buy out plan?

Investment Info:Single-family residence buy & hold investment.