Imagine if you were the absentee owner and / or in pre-foreclosure, you could be getting many unsolicited mails from other investors, debtors.

What is the basis, how long have the properties been held, what is your NOI, etc.With an exchange, you need to match the debt (or pay the cash equivalent).

Speaking from my personal circle, all my friends want to become home owners, they just have lack of faith due to the market, student debt, or they just do not make enough money. 

Yes, I listed this debts in the bankruptcy but I am assuming that this debt is from last years property taxes that I didnt pay before I filed bankruptcy BUT I thought that all debtors listed had to discharge my debt.

However, as a practical matter they rather the parties reach an agreement themselves, where they can just make sure it’s reasonable for the debtor, rather than impose a settlement.The majority of bankrupts end up defaulting on the restructured plan.

And most importantly, the current flirt with deflation will make servicing the growing debt even more expensive.The nightmare for both the European Central Bank and the world is deflation, as it’s a tax on debtors and a boon to net savers.

I thought I heard that the lender has the discression to 1099 the debtor or not.

I would also lien all my debtors properties to me if I could.

These kinds of arrangements mean that one person has agreed to pay for the debt or legal obligations of another.

Where these things become problematics is when the property owner and debtor in succession has spent the money and the lender/servicer allows reinstatement but there is no money to pay.Probably attorney time.