While that may be good for the 10% pref investors, you may have been better off holding another year and getting another 7%.Related to this, I generally don't like preferred returns as a passive investor. 

Our strategy is to buy out of shape properties and rehab them back into shape, so a GC with experience in doing extensive renovations at once would be preferred.

In fact, the title companies and attorneys I've dealt with during the foreclosure process were also surprised by their incompetence.

When you say: "funding services", are you asking about mortgage companies? 

The substitute of collateral was more of a scenario where you sold for $155K, and instead of paying off the $88K loan in your scenario, those funds stayed at the title company and were used on a cash purchase happening nearby in date. 

Being a lender for 10 years, all is that we required from the title company and the lender is that a notarized close was to take place. 

Originally posted by Alison Robinson:Hello all,I am in immediate need of a Commercial/Residential Property Management Company representing owner-landlords on the South side of Chicago.

You are correct they handle by PM company liability I have prudential personal liability.OK, yeah, and they (Coterie) doesn't offer commercial umbrella insurance (or personal) so I was concerned you might not be covered correctly.You have a personal liability umbrella through Prudential?  

Hire a loan servicer - plenty of discussion and recommendation on BP on this topic and some recommendations for servicing companies 

I don't see much information regarding this company. https://s8academy.com/section8Or have you had any good experience with any other programs?