Do they use cash, shares, OPUs, debt, or anything else?

First off, the parties to a pure equity investment hold the investment “free and clear” of debt or obligations to banks, creditors, and other parties.

Having helped banks sue thousands of debtors, I can tell you that there is nothing inherently easier about confessing judgment versus any other lawsuit the bank can bring. 

Tge association can be in debt or not collect enough of fees to stay current with maintenance. 

You have two options for investing in a project: Debt or equity.When you invest money on the equity side, you become a part owner in the project.

And even more so with the NPN's.. you have debtors and debtors attorney's that will do everything in their power to keep the debtor in the property, and each state has different rules etc etc.

--> Have you ever been on the edge with debt or struggled with it? 

If and when a short is completed it will serve to avoid the worst possible scenario: a sheriff's sale, trustee sale or other forced foreclosure sale.Once the short sale is complete, the lender will either forgive the debt, or seek repayment outside the scope of the mortgage loan.

We are both stuck is my interpretation. thanks, MattIf a foreclosure of a superior lien position occurs, all junior liens are extinguished (debt still remains the responsibility of the original debtor) provided proper notice of the foreclosure was given to the junior lien holders.  

It's hard sometime for me to decide whether to use cash flow to pay down debt or continue to do deals.