I know it can be done for real estate brokers because both real estate brokers involved in this transaction forfeited approximately $10K between the both of them to get this deal closed on the front end (it's a rather large loan just under $1MM).Any insight into this would be greatly appreciated.

i am prepared to change PM and have done due diligence to find a new one but i don't want to forfeit money owed by leaving my PM.  

I don’t want to forfeit buying a home because finances are tied up in the investment.

In theory, you could forfeit your business assets to the plaintiff, say $500k in the property itself, and be done, as that is all the assets in the LLC.

You have to send the letter unless something like forfeit security deposit is in the eviction papers.

Then ask them what is the DATE the property will be forfeited or a tax lien will be placed on it.

The tenant usually has to put down a big deposit or down payment as well which they may forfeit if they don’t exercise their right to purchase at the end of the lease.

Your objection must be sent to (landlord’s address) .If the landlord fails to give the required notice within the 30-day period, he or she forfeits the right to impose a claim upon the security deposit and may not seek a setoff against the deposit but may file an action for damages after return of the deposit.

Now if there are stains that go beyond what a standard vacuum can clean, then maybe a forfeit of deposit is necessary so the landlord can incur costs of the cleaning.

Defaulting on the loan is a taxable event, and will be accompanied by a 10% penalty.If your other losses will offset that cost at the bottom line level of your tax return, then I suppose you could look at it that way.I would strongly consider the impact of forfeiting the tax-sheltered retirement savings, however.