That's how any salesperson is paid.

If you foreclose and take it back then you can resell it later but if you are owed $25,000 and it sells at foreclosure sale for $40,000 you don't get paid $40k.

Pretty much all the points you paid were wasted. 

The overall profit for the deal is estimated to be around $70,000 over the next 3 years, $5,000 of my 50% portion gets paid to me after the refinance.

The mortgage which came from the IRA would be paid off with 5-7 years.

If you choose not to rebuild/replace your settlement would usually be for actual cash value.It's unlikely you can get a settlement for above the coverage amount you paid for.

A couple of decades ago a collection agency collected judgement and never paid a penny to us and you couldn't possibly collect from collection agencies.(8) No attorney takes a collection case, unless it exceeds $10,000 and multiple collections.

I understand the concept insofar as if I'd purchased the property, the basis would be what I'd paid it.

If she wants paid for canceled appointments, then I would suggest you look for a new cleaner.My policy is to keep all funds if the guests cancels within two weeks of their stay, unless I'm able to rent to someone else for the same period/rate.

Last we paid $300, FOR THE ENTIRE SEASON!