Near-deals dont pay the bills AND Bad deals will put you in bankruptcy or at least cause lots of financial issues for you.

Notice of default (foreclosure).. constantly stay in their ear , from start to finish.6. discharged/dismissed bankruptcy cases (get from pacer)7.Tax lien sale- published in legal news papers when auctions come up8.

We decided in 2011 to file bankruptcy and we vacated the property in February of 2011.

Bankruptcy I don't recommend for beginners. 

One of the best is after the NTS, and after a motion for relief from bankruptcy stay.

If you have a principal who is on the edge of bankruptcy and he has a business loan application that has a dCR of 4 to 1 that will go away in any bankruptcy if he has ownership of the business, his stock or capital can be at risk.Other considerations are the abilities of management in a commercial loan, the owner's ability to make things happen as expected, the credit report is a good indication of individual professionalism and responsibility.So to say it doesn't count is not quite right, it counts, but the first test is the DCR and that is waht will show on processing docs.

Since the borrower was in bankruptcy, the amount of P&I payment they were ordered to make (and were making), was quite a bit higher than defined by the note. 

The benefit of having less equity in the property may later be accepted even though the equity in the property has been reduced and no longer available to other creditors.Equity stripping or skimming is a whole different animal and occurs when excessive fees are charged in a preditory lending scam, or where equity is transferred to someone who is to acomplish a service in connection with a foreclosure or bankruptcy, such as a promise to save the equity for a homeowner who is about to go into foreclosure.If you use a note and deed of trust to transfer equity as a method to reduce equity between related parties, you really need to see an attorney, do not take any such scheme off the internet or from a book.

Correct me if I'm wrong, but what I think @Wayne Brooks is saying, is that the borrower does not have options like "Keep your Home" or bankruptcy, because the borrower is deceased.  

The same individual who lends money to an investor for a real estate deal can end up spending a great deal of additional money if he needs to foreclose, if the borrower files bankruptcy, if he gets the property back in disrepair, if the investor does improper or noncompliant improvements to the property, if tenants damage the property, if the county condemns the property, if there's a title issue and the title company doesn't cover it, and about two hundred other things that can go wrong.