When major debt relief began in the 1990s, it did a lot to rescue countries that were almost certainly destined to fail otherwise.

What you don't do is get it under contract, run around trying to sell it, fail to do so, and weasel out of your contract leaving the seller in the lurch.Send me a PM if you like.

I have owned a rental property and I have failed to claim the depreciations over the last 5 years.

I keep hearing that if your septic fails, they will not issue a permit for it, therefore "forcing" you connect to city sewer. 

However, a loan servicer is much better.Sellers must understand they are responsible to pay the loan as agreed and buyers need to understand that if a seller fails to pay they may have a foreclosure losing their interests in the property. 

I FAILED MISERABLY!  

@Steve A.Its smart in North Carolina to do a lease purchase over a lease-option as the laws protect tenant  buyers if they bring you to court for failure to payment of rentA lease purchase is like a delayed sale and purchase agreement with the rights to occupyIf tenant purchaser fails to get a mortgage as per the agreement they're out their earnest money

Deals are harder to find and the trusty old system can fail to deliver them, or deliver them in such a small quantity that you still go thirsty.  

The credit card company wants you to fail so you become their indenture servant.For the average investor, this is definitely something I'd avoid. 

Specificially, you should cross out a portion of the first sentence of section 15 and replace it with some other language, so that it reads: “If Buyer fails to comply with this contract, Buyer will be in default, and Seller may (a) enforce specific performance, seek such other relief as may be provided by law, or both, or (b), as Seller’s sole and exclusive remedy, terminate this contract and receive the earnest money as liquidated damages, thereby releasing both parties from this contract.”