Look at their previous deals and find out how they’ve dealt with adversity. 

Its like they are adverse to technology but found my listing on facebook.

A lender makes an attempt to estimate the amount of non-recurring closing costs and prepaid items on the Good Faith Estimate which they must issue to the borrower within three days of receiving a home loan application.closing statementSee Settlement Statement.cloud on titleAny conditions revealed by a title search that adversely affect the title to real estate.

If its been 10+ years and they have been taking care of that land then they could file in the courts that its now theirs through adverse possession. 

One of my business partners back in the 2000s was in Garbage.. and he sold to waste management for 65 million.. so not a billionaire but well off .. he paid his tax's had zero debt and the rest was in double tax free munis.. and all of his real estate holdings in and around Napa were paid for as well as his home up at Tahoe and his place in Kona and his hunting ranchs and his duck hunting ranch's etc etc.with his help I made it through the great recession.. but I am the first to admit I got my butt handed to me.. debt was not my friend and now I am pretty debt adverse other than construction loans that are all 15 months or less..

However, one of my concerns with this strategy is the possibility of an adverse relationship between partners.

@David Finley,Check out your state laws on adverse possession.  

By work out costs, do you mean fees paid to the servicer to negotiate modifications or other terms in the scenario of non-payment, default, or other adverse situation?

If you are risk adverse real estate, (especially out of state) is not for you.

its is too bad it has only been 7 years or else adverse possession would apply (15 years).