That would almost always be from the same lender who has a 1st AND 2nd on the property and they are just fed up with the owner and are taking the opportunity to get out of a bad situation entirely.Sorry, it's complex enough that it isn't a 15 minute class.

Agents, tell me why this is a bad idea.

For Neal it may be win-loss of 50-50 or 60-40, both not bad on average for funds. 

Hello, I have a primary residence and about $10k in bad debt (not including car note, student loans and a small medical bill).

Andrey this the same deal you were posting about a few months back.. if so i would contact Kathy and see whats up.. its exactly as i thought it was.. seller financing so the debt was to the seller who then probably sold the notes to other investors.. so no recourse just bad deal 

How bad is the insurance, how high are the property taxes, is there an Hoa, etc etc. 

The more rentals you have the more risk there is to having a bad situation crop up.

I don't see that the rate of bad behavior is higher among voucher residents.  

It's usually a very bad idea to go into business with friends or family. 

Dear Geri, Very, very sorry to hear about this investment gone bad.