Principal pay-down is profit because returns are generally figured before debt relief.

The automatic stay in the BK prohibits you from proceeding with the eviction until you file a motion for relief from stay with the BK court, and the BK judge grants your motion.

We have since retained counsel and have been withholding rent in an attempt to get some relief, and the bank is non-responsive as well.I would ultimately like to purchase the property, but the amount owed is far greater than the current value.

As I have learned the past month it is very hard to find valuable information online, so to know I can learn from actual people with experience on here is a huge relief.

A simple family that has urgency to move and needs debt relief.

These people are willing to trade some or all of their equity for speed and ease in order to have instant debt relief, or quick cash, some times both.

Do you mean that there was no relief valve at all?

Relief from payment is enough skin for a truley motivated seller.

Small claims limit is $2,500 but you might get some relief from that.

Seller who will finance typically wants income or relief from management but doesn't need a big chunk of cash.