Just wondering what are some things you are willing to compromise on and what things have to be the same in order for you to use that property as a comp ?

But if you buy with the idea that that residence will be an investment, and that you will compromise your long term goals for short term gain it need not be that way.

I have been in a similar situation, complicated a little more by the fact that I am also a licensed broker so I wanted to be very sure not to compromise my own license by a misstep or earn myself a bad reputation.

So late fees are going to be the decision of the Judge now and not per the contract because you have compromised the contract. 

When that happens it might have to go to court to resolve if a compromise can't be worked out.If what you are trying is not even close to flying then usually the recommendation by accountants, attorneys  etc. will be not to even attempt.No legal advice.

I have tried speaking to them directly to try to reach a compromise, I have even spoken with their lawyer daughter.

- as its so well known that this compromises a persons negotiation.  

Sounds like a lot of work for a tiny profit.The IRS may take an offer in compromise for less than $8500, but that would have to be negotiated by the borrower.

Than you Tim G unfortunately I'm unable to attend today for work compromise hopefully there will be another meeting soon.

I think I am actually compromising by asking for him to keep the money he promised in exchange for a refund of the fees he charged on that money.