If you bought something today with 5% down, you will be way ahead of the game two years from now and that PMI cost won't matter.

Turning a garage into a game room will probably pay for itself relatively quick. 

The software system we use is Propertyware but I know other systems like Appfolio have account keeping.  

@Nikhil MascarenhasDifferent people go different routes depending on their risk tolerance, their amount of equity and compared to other assets owned, how patient they are with a complicated set-up and high legal fees, whether they view the $800 as game-changing or just a cost of doing business, etc. 

Institute additional phishing attempt trainings with your IT group.Increase Cybersecurity: Ensure your software and safety protocols are up-to-date.

Obviously we cannot force the borrower to sign so I said let’s foreclose because I think borrower is playing games.

Is that less desirable than a property with 5 bedrooms with walls, but less convertible entertaining space that could be used for movies, gaming,etc?

Real estate is a long game.

Then, it just becomes a numbers game....

Terrible software, terrible customer service, and terrible company.