If he doesn’t file for bankruptcy and holds on for a little while longer while getting the 1st short sale and then is forced into bankruptcy anyway, it is conceivable the trustee will seek a "claw back" on preferential payments complicating both his and his previous lender's life.

We have a number of ways we can structure them too, so you are not forced to qualify one way and one way only.

It's a great way to teach young adults about money and finance.I would love any feedback on what you think are the main forces holding people back from becoming financially free.

Typically a seller can't get out of a purchase contract once they agree to sell, but it's also rare for a court to force a sale if the seller just doesn't show up to closing.

That will force them to offer you better terms if they want your business. 

A lender would require you to have this done, but if you are paying cash, nobody will force you to protect yourself.Third Party Reports: $17KSurvey $2KTitle Recording and Search $5KAttorney Fees ? 

Since you could exchange in to a cheaper property and not be forced to reinvest that money.  

My partners and I have contracts on 3 commercial buildings TODAY - All NNN, Long-term Leases, with aggressive CAP Rates, which perfectly fit our "Energized Real Estate" model that forces 5 - 6 additional revenue streams, above and beyond the lease income, using Federal, State, and Utility Incentives (Plus Grants).You have to think Bigger Pockets and Out-of-the-Box......

deal flow  getting deals good enough leave enough forced equity to get your cash back at refi pretty simple concept.2. cracker jack rehab crews that can get these turn overs done in time and on budget.3.

As much forced equity as I can get out of a property, is the goal.