As all of you can imagine, the questions that are running through my mind are never ending. 

It appears to me this was a well thought out move that will lead to the Morris's having a nice  life here in Portugal and all the investors left in his wake are for the most part very much out of luck or any hope of collecting on judgements. 

Where they "see" value is what makes them interested in the home which is how they imagine it will be for them to live in.

i can't even imagine that how stressful is that . 

This is bigger than most can imagine.

The quote I got from a local attorney was over double what you've provided and I couldn't imagine trying to pass that entire cost onto the borrower. 

Let someone else buy the fringe areas and improve them first.To be direct, I can't imagine an appraiser using 5-year-old comps.

(If you did this, obviously, you would have to cover those needs, when they arise with money from other sources.)I imagine my beginner perspective is probably inaccurate in several ways.

I was holding approximately 20 of their properties at that time, so you can imagine that unexpectedly paying out 20 interest payments every month was impossible.   

You would want to start with searching on YouTube for: "Clayton Morris Loses $7 Million Lawsuit" He didn't realize that @James Wise had his ish together and got a big wake up call.