The court date is the 22nd and I might get a default judgement if they are a no show.So the real question is what to expect from Xcel.

I'm guessing you can get away with this somehow, but what happens if you default on the new loan?

People coming with their own downpayment is part of the risk management during underwriting for those 30 year loans... this will also likely increase the probability of defaults.

This includes maintenance, defaults, court, turnovers, insurance, vacancy and CapEx.

They have a UCC that shows they still own the panels, however, we do not have an agreement with them and are not in default in any way.

This has included less defaults, drops in valuations that aren't as steep, etc. 

Hi Megha, In general every DSCR loan will most likely come with some sort of default PPP.

@Chloe GrayBanks will never financed a property in a foreign country because they don't have the necessary means, knowledge and willingness to go through a foreign legal system to repossess the property should the borrower default on his mortgage.If you hear or read that somebody got a property financed by a local bank in a foreign country, this is because that bank took some local assets as collateral or gave an unsecured loan.

Some of splashier defaults/foreclosures seems to be tied to Sumrock and his mentees including the Applesway guy but WWC and GVA is pretty much selling large chunks of their portfolio at a loss right now. 

The funding companies have increased fees and costs and in some cases are escrowing payments to insure against default.