@Chase Gochnauer thanks for the realistic numbers, that really helps.

@Chase HarrisI plan on doing exactly that.

Lenders that sell their loans today are also taking part in what they call CMBS 2.0 (post 2007 underwriting criteria, where it is very common to see certain terms and conditions implemented for the additional security of the bondholders, and the increased risk of the Borrower (you)).The one thing that I see over and over – even with some of the biggest players in the market, is this: Investors spend a lot of time and attention on the due diligence of the property, economics affecting property performance, property management, repositioning, and on closing the loan - - and NOT AS MUCH ATTENTION IS USED TO PREPARE FOR THIS ENTRY INTO THE FINANCIAL MARKETS, (WHERE THEY WILL BE RESIDING FOR UP TO TEN YEARS) AND HOW IT CAN ADVERSELY AFFECT THEIR RETURNS.

That is changing, however, as I've noticed platforms like CrowdStreet have started loosening their requirements.The best deals (value-add) are hard to get into, as there is a lot of capital chasing returns in multi-family. 

Or a LOCAL (not Wells, Chase, etc.) bank there in BC, maybe even Zions.

Legally, you would be entitled to sue him and recover your damages and, if your contract or state allows it, your attorney's fees.Practically speaking, are you willing to hire an attorney at $200+ per hour to chase a few hundred dollars and the possibility that you will get your attorney's fees?

Chase

Stop chasing them and just file for an eviction.

I am sure you will also hear from investors and investment providers who have experience with various players.

The borrower may have a chance of talking Chase into a short sale.