Tenant chose to stay in house during repairs citing Renters insurance declined coverage.

Servicing costs are fixed, rates get higher lower the loan amount gets.

On the other hand, the states with the most significant population declines are New York, Illinois, and California.For Real Estate investors.

Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option. 

@Aishan Gonaduwage what specifically have you read, and how OLD was it, about Detroit being on the decline?

Service seems useful.

,You've gotten a lot of feedback here saying you are in the clear to decline them.

Foreclosure sale could sell at same price as original purchase, but with accrued interest and fees, all LP equity gone.At the end of the day, all LPs loses boil down to an issue with cash flow available and/or a decline in overall values.  

You are not paying for their services and won't cost you anything extra anyways. 

Reaching out to the community to make sure I'm not off base here to immediately think to decline this offer.