Property value after repairs $350,000-$360,000Estimated repairs ($20,000-$30,000) Balance of 1st mtg (Everbank) ($271,985) Balance of 2nd mtg (HUD) ($ 24,482)Cost to cure loans-est ($13,000)Est equity $10,533-$30,533Puchase: 100% cashFor: primary residencePlan: Offer owner $x ($5k??)

I think it is brilliant and Scott makes a perfect argument for why you should be structuring your properties for anonymity as well as why an umbrella policy isn't the "cure all".

I am also a proud sponsor for Susan G Komen for the cure.

There are firms like ours that are familiar with curing or dealing with file deficiencies and loan issues and do so on a daily basis.

Marie said through that process they will help you resolve any title issues if they are not already cured with the help of the title company used to close your loans.

As the values declined the rents did fall a little but are still fairly high as a percent of property value.Barriers for entry into these markets include cost to cure title defects which can include tax liens and city liens, etc and cost to cure the physical property.

If payments are not made or another violation of the provisions of a deed of trust takes place, you (actually the trustee) will provide the borrower with written notification to cure the violation.

Just remember once polyurethane fully cures (several days), nothing will bond with it anymore, not even another coat.

I think there is some kind of notice and a 45 day right to cure.

If they are in violation of this (assuming you have something similar) then you need to give them a Cure or Quit Notice.