This usually occurs when the debtor has declared bankruptcy or the cost of pursuing further action in an attempt to collect the debt exceeds the debt itself.The debt is immediately written off by crediting the debtor 's account and therefore eliminating any balance remaining in that account.

I for one dreally wanted to go into this NOT having to worry about debt or relying on the rent payments to pay mortgages.

The honest truth is that if you create an "out" for a debtor, don't complain when the debtor takes FULL ADVANTAGE of it.

From here, they have several options: 1) Collect the debt or settle for an amount less than what is owed.

At the auctions, you are bidding down the interest that you're willing to accept when the debtor repays.

I'm torn between selling one of our properties and paying off our credit card debt or using our equity to make more money and be able to pay off our debt.

Am I buying the debt or the property at sale?

I am looking for Miami real estate investors with me to partner in either a debt or equity structured arrangement that will be beneficial to both parties.

You can foreclose on the note if the debtor does not pay.

They are your debtor.