He needs the money or may go bankrupt and we all lose the property...

Too many people get greedy in the up cycle, and go bankrupt in the down cycle.

Could the Government default on all loans to the Fed, rendering the Fed essentially bankrupt, then take over the Fed and nationalize the national debt?

GM is going to go bankrupt, or throught something that looks a lot like bankruptcy.

It would be one way to keep that bankrupt fund afloat - ERISA it like the private sector did with pensions 40 years ago....

I think the worst thing that could happen to you would be to hastily buy a cheap property with some no money down scheme just because you're impatient to get started by an arbitrary deadline of January you set for yourself, and then you get stuck with a crappy property that drains your energy and potentially bankrupts you.

I went with him to his lawyers office who helped him with the bankruptcy and he said that my neighbor has until the sheriffs sale to sell the home or move out, implying to me that he could still sell the home.We tried finding out who serviced the loan and who owned the loan through our county records department and even they said that the chain of custody of the loan was unclear and unfinished, likely due to the fact that the title company, servicer, and mortgage company that owned the loan all went bankrupt within the last 10 years.

@Rolando GarciaI insure mine on a commercial policy, at a flat amount that would not bankrupt me if I lost the house.

I am starting to believe it is like the south park episode where they use a headless chicken to determine what action the government should take for each of the companies that bankrupt. 

If there is no personal guarantee and single member LLC then the tenant can usually remote bankrupt the LLC and walk away.People think NNN is easy and it can be but the analysis that goes in on the front end takes time to buy properly.The other poster looks like they are a from a cold belt state.