Cure of back payments: $30,523.54Closing Cost : 600 (or less)Outstanding Principle Balance: $ 237,355.83Original Principle Balance: $245,113.00Mortgage (PITI) $ 1175.89Rentometer estimate: $1695-1700Interest Rate: 2%Type: VA 30 Yr FixedRehab Cost : $7.5k-10k( Realtor Comps)Listing Price between $339,900 and $425,0004 Bedrooms4 Total Bathrooms2,887 to 4,300 Square Feet$92.92 to $124.66 per Square Foot

Question, if the default gets cured and foreclosure is cancelled ...

When you have it rented, make your final payment demand and give them time to cure.  

Time cures a lot if not all mistakes and the more time you have the better.  

Also the following applies .Solo 401k Loan Repayment TermsIRC Sec. 72(p)(2)(C) requires that the loan amortization schedule provide for substantially equal payments to be made at least quarterly.Solo 401k Loan grace period for late paymentEffective January 1, 2002, Treas.Reg.1.72 (p)-1, Q&A 10, provides for a cure period that allows a loan participant to avoid an immediate deemed distribution following a missed payment.

If everything could just be boiled down to calculations per second, cancer would already be cured.  

To cure the kids suffering, why not just rent them a nicer house, that solves the kid's side and much of the dad's issues as to where to go and what to do next.The only ploy I see is how do you get your hands on that property, that's more to the issue here. 

Without rental experience in multi family, you probably won't meet the lender's expectations of management, to cure that, include a property management company with experience, say for the first 3 years. 

I am new to BP and still learning the ways to communicate to the crowd.I can agree that I sounded a bit like a guy knocking on your door selling a the unbeatable two-ball cure-all.

OH yes I get 7 to 10% on my notes and they are collateralized by rental houses.. so the DCR is insane its 2 to 3X  and two forms of repayment.. one tenant two the owner.not to mention owner has put 35 to 50% CASH down ... now it simply does not get safer than that. 600 notes in last 3.5 years total of 3 defaults which were quickly cured... talk about safety..