It would typically be done by an attorney, though if you studied up you might be able to do yourself.A contested Quiet Tittle is horse of a different color, however.

Learn from them get back own your horse and continue trying to provide good rental to the masses at a profit to you.

We could say all kinds of things about how he could have avoided it, but any advice in that regard is like closing the barn door after the horses are gone.I suppose he could fix it up and just live with very low returns (probably not too much better than with a bank CD but with a ton more risk), or try to sell it now and just cut his losses and move on, hoping to do better next time and make his money back on the next deal.  

I may be putting the cart before the horse but... can you pee qualify for cash out refinancing before you buy a property?

I think the responses you have already gotten provide a great deal of insight, so I won't beat a dead horse there.One thing I did not see mentioned as a factor, though, is your local market.

And they talking the sellers.So what's the argument, the cart before the horse?

If I had gotten on my high horse, and refused to pay a broker a buyers fee, my partner and I would have foregone a profit of in excess of $119,000 (our legal bill was $1500) on a 202,500 investment in less than 30 days.

Might also keep some horses and other animals, hence the zoning question.

Since I don't have a need to drive to the barn anymore (and the new neighbor's own no horses) access is no longer an issue.

hi william. sorry to hear of your bad luck here. but, there is always one good word of advice. never give up. yes, your property is underwater right now. if you can afford to keep making payments on both loans, please do so. sure, on the one loan, you are basically " paying on a dead horse". there really is nothing you can do about that. over time, with making sure payments are being made on both loans, you will overcome your bad credit rating simply by making the payments. in that time, should the market on your home increase, you may overcome the negative equity also. only time can help you right now. in the meantime, look for other house deals that you can make. maybe they will not be the level of what you were dealing with in the past, but as long as you are making money, thats the goal. keep moving forward. hurdles in life are put there to teach us a lesson. learn all that you can.