When you seek advise, try to get it from people that "don't have a horse in the race" - i.e., if a guy is a stock broker, he'll probably suggests stocks, etc.

It would typically be done by an attorney, though if you studied up you might be able to do yourself.A contested Quiet Tittle is horse of a different color, however.

Once the lender files a notice of sale, you'd have less than month to work something out or stall a sale.

Learn from them get back own your horse and continue trying to provide good rental to the masses at a profit to you.

Quick Update:The project is currently stalled due to a dispute with the other adjacent property owners. 

We could say all kinds of things about how he could have avoided it, but any advice in that regard is like closing the barn door after the horses are gone.I suppose he could fix it up and just live with very low returns (probably not too much better than with a bank CD but with a ton more risk), or try to sell it now and just cut his losses and move on, hoping to do better next time and make his money back on the next deal.  

I may be putting the cart before the horse but... can you pee qualify for cash out refinancing before you buy a property?

I think the responses you have already gotten provide a great deal of insight, so I won't beat a dead horse there.One thing I did not see mentioned as a factor, though, is your local market.

And they talking the sellers.So what's the argument, the cart before the horse?

If I had gotten on my high horse, and refused to pay a broker a buyers fee, my partner and I would have foregone a profit of in excess of $119,000 (our legal bill was $1500) on a 202,500 investment in less than 30 days.