Also, because of the federal bankruptcy code, title companies have become less willing to provide title insurance for anything less than two years.

Also make sure you've checked through Pacer to make sure they don't have a bankruptcy pending, those can discharge tax liens on real estate. 

They gave me the number to the law firm representing the bankruptcy and I'm communicating with them now but..

Through my investigation of investors and borrowers, I have found that Peer Street would not communicate with either side or try to force foreclosure or, worse, put borrowers in bankruptcy. 

If homeowner is willing to work with you, to gain time, I would first contact trustee to see if a postponement is possible, if not, you can gain time by filing an emergency bankruptcy petition, a relatively simple paperwork filing causing an immediate stay, this will give you 14 days to figure things out.At this point the lender doesn't have to agree to anything, simply wait out the stay and proceed w fc. 

Will be much easier, and if it's your homestead, you have additional protections in the event of a bankruptcy or something.

Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?

There are more chance of Bank of America going into bankruptcy rather than US landlord to sell their rentals.

. $900/mo could be the difference between survival and bankruptcy (they need the cashflow to cover that capex NOW; they can't wait several years for the property to appreciate, so adequate cashflow is critical) ...but a more experienced investor with a net worth of $10 mil can easily survive that unexpected capex of $25k, and to them, whether the property cashflows $100 or $900/mo might be trivial if the property is appreciating well..Of course, appreciation isn't guaranteed, and real estate can (and does) depreciate in some markets... also, in today's market, it would be very difficult to get a typical single family (or even some small multifams) to cashflow at $1k/mo as an LTR....and then there's the important matter of taxation...all of these are additional factors you'll want to educate yourself on...There are a LOT of moving pieces to consider in REI.Good luck out there!

I ended up having to hand the property over to my money partners and project manage for free and filed bankruptcy in 2/20/2020... my credit score wont be over 670 for another 6 years. even though I've paid all my debts off minus existing mortgages, bought numerous cars and have incredibly healthy payment history. once my score hits 690-700 the credit beurres tank my score 30-100 points for random reasons like decrease in balances or automatic increase in card limits... lol the funniest one was when I paid my car off after 3 years and was my youngest account. my age of credit went up, but my score tanked 80 points... at 670 now so it'll probably go down next month for no reason...