I depend on the money kept by MSR to recover my loss due to vandalism and to support my family.

More importantly, as mentioned earlier in the thread, it's about finding the deal.Here's how I financed one of my first and most creative deals: Back in 1998, the market was barely recovering from the last trough, and even though the market in Ventura county, CA is desirable, back then it wasn't unusual to see a property sitting on the market for a year or more.

Perhaps offer to share some portion of the net rental amount above the payment and strike an arrangement with her to split the proceeds when you sell at some point in the future when the market recovers - it will, it always does.  

Bottom line, seller financing, ownership reverts back from a default and cash loans create a lien interest or title interest intended to allow a lender to recover their advances, to be made whole, not to become a predatory dealer in that collateral.

If the dollar resets - my guess that the next recovery will go deeper and take much longer to recover.  

It means the Borrower will not be liable for amounts due but not recovered from the property by the Mortgagee.  

The town was depressed then hit by hurricane Sandy but its recovering and developers are  moving in. 

Once gone they might go wild or stay in check.There is a difference between an illness you recover fully from, and ongoing illness where you maintain it and it never goes away, and an illness that progresses and is eventually terminal. 

I am not sure of the current stats on owner-occupied homes in the neighborhood, but I would say a fair number of people had to rent theirs out due to the market being flooded with foreclosures and still not recovered.

In the last year, I've recovered 1/3 of my investment off that deal.