We would all love to have that note that has 5 years of perfect payments, 800+ credit score and a 20-25% down payment. 

Later she was unable to refinance, and the ex-husband kept making payments for her so the property wouldn't go into foreclosure.I would highly suggest to your friend to contact Noel Cookman DURING the mediation process, not after.

Every bank at that time had way too many non-performing assets on its books.

The formula you gave is for one month's interest on a NON-amortized loan.

. -- Thus, you can expect to get Class C or D tenants, which have a 15-25% probability of defaulting on their lease payments.2) If your PMC is lowering FICO to 550, what are they doing to improve their screening in other areas?

Quote from @Mary Jo Carruthers: @Albert Hepp Did you know that there are quite a few non profits and also the city of Austin in the austin texas area that provide down payment assistance for first time home buyers?

Some people make 4x the rent but squander their income on eating out, drinking, car payments, etc.

is so what lender did you use that provide non recourse loan?

Repayment options can be more flexible like in my case I do everything on accrual this really helps flippers when they dont have to make monthly payments.

As it's been non performing.