It obviously doesn't benefit the lender on the bad deal, but I see your point that it might benefit everyone else.That said, the borrower still doesn't win because after defaulting on the deal that went bad, they have a very steep uphill battle to survive in the business as other lenders become less inclined to trust a borrower that defaults on their obligations, recourse or not.Switching the scenario around...non-recourse loans are a huge benefit to the investors when borrowing on a property where private investors contribute equity.

What kind of pests are you battling in Alaska at that property?

I know it an uphill battle for me.

So comfortable in fact, that 77% of the poll’s respondents 34 years and under would consider banking with a non-bank banking service such as Square or PayPal over using a traditional bank.This poll represents a huge threat to U.S. banking institutions that are scrambling to keep up with the demand for online and mobile banking solutions, while also battling to protect the privacy of their customer information.

It can be $100, $500, $10,000 whatever but if you don't decide they will.Your contract should have a specified inspection period on it too (10-30 days usually) and the closing time (14-45 days usually).Define these things or the seller is gonna smell that you are brand new and probably walk from the deal.

It will always smell of smoke to some degree.

Myself, I let them know if the house looks and smells the exact same as it did the day they moved in they get their deposit back.

Pick your battle and move forward.

The whole interior needs to be repainted and that's the other big issue, the owner was a 3 or 4 pack a day smoker and it sure smells like he wasn't big on opening any windows when he smoked either!

"No ma'am, your home is NOT worth 110% of ARV simply because it is yours and it smells like your wet dog."