@Bjorn Ahlblad Good point, although I'm failing to see what the potential consequences could be, maybe I'm not thinking beyond what i saw. 

We paid $232,447.36 out to 36+ different trades & vendors for this home.This $232K creates jobs and promotes growth because it is spent and recycled in the economy, creating a ripple effect.Congratulations to the Greatleaf Homes Team for another new construction home closing today!

The NoD must clearly state the missed payment, cure period, and consequences; consulting an attorney for your first default is a smart precaution.

This is another example of why it’s so important to have a good team of experts around you to offer options and discuss the consequences before making any decisions.  

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck. 

I negotiated this property by trading my owned property for this one, as it was a brand new property in an area being developed.

I always make sure that the draws are commensurate with the amount of work (and specifically the trade) performed to date.

Remember that you’re incurring a vacancy loss every day you don’t have a tenant in place, so you should consider the trade-off here.

@Eduardo Sandoval Ramirez - Absolutely, you are just trading paper for a profit.

All younger people should be considering trades right now as that industry will be paying more and more over time.