I personally lock them up and put a good cost to cure with them. i then find an end buyer on RTO.

Why add an extra couple days of work waiting for plaster to cure.

If they have charged off the note in full and he starts to cure the arrears, they may sell it to get off their books.

I was having trouble sleeping, this should cure it ;)Good info guys.

Your state should have some sort of "notice to cure" or "cure or quit" or some such notice.

If a buyer has 3.5% down they can go FHA.So if the current seller wants 1,500 to move,owes maybe 6,600 in back payments,then 5k in repairs you are at 13,100 in money to cure the loan,satisfy the seller to move,and get rent ready.That equates to almost a 10% down payment where with FHA you can go 3.5% as a buyer.This does not include any money for the broker/investor putting this deal together so more down would be needed.Unless the broker/investor has say a payment from original seller of 1,000 and original loan and then makes the owner finance buyer pay 1,400 a month and make the spread that way.I don't like these types of deals because they carry a huge liability and full disclosure is needed to all parties.

Like others have said, price cures all.

The note seller generally sells with recourse and a default can create a different path to cure a financial loss.

X 36 months.That would cure the negative cash flow, but it is a crap investor deal.Brian

If the foam is applied incorrectly (too thick of layers, too quickly) is does not cure properly and can both fail to deliver its insulation potential and produce noxious, if not harmful, off gassing for a prolonged period (months).