@Bob Malecki  interesting  report.. only 10% of the distressed assest were the owners able to actually cure on their own and then who knows going forward.. the rest were liquidated in some manner..

You ten issue a cure or quit in a situation like this.Get rid of them.

Would you rather know how to cure cancer or how to avoid it? 

A bank selling a performing note of this kind will have to take a discount unless it can cure the defect.

One of the cures for that imperfection is to wait the 21 years and claim AP to remove any possible claim by the former owner or an heir.

Ben Franklin said that an ounce of prevention is better than a pound of cure!

Although I have seen instances were a seller kept the buyers money and never paid the bank.. and the sub too buyer did not realize this until they got a notice of default.Now in this case with AITD in CA the law allows you to cure and wipe out any seller equity they may have.Sub too is an advanced strategy highly risky for sellers and one that needs to be thought through.. what I see on BP is beginners with little capital to invest or reserves try to do this because of the thought of no money or very little out of pocket and  a loan that is not in their name or fico.so this leads the least knowledgable and experienced investor into what can be a complicated transaction and Frankly a lot of sellers in this model get totally abused and hosed and do not realize the danger they put themselves into until its too late.

I mean "community action groups" pressing President Bo-Bo-Biden into "taking action" to "cure" it all for those who get evicted.

Greetings BP,Maybe I'm imagining something that was never there, but didn't BP have a link to a company on their perks page that offered quick title curing at a lower price than the going rate?

whats up geobloom-Thats nice to hear that we have many people that take their own personal time to try to cure the forclosure situation!