Say you have a 20 unit multi-family to condo conversion than ran out of money leaving 5 units fully converted, 5 units 3/4 of the way done and the remaining 10 units completely gutted.

OTOH, if the seller balks and refuses to sell, there's not much you can do to satisfy the end buyer.

Not very original, I know, but hopefully satisfying and rewarding none-the-less.I currently work full time (and then some!)

If the home was surrendered, a discharge order will be issued for the mortgage.If the home was selected to be surrendered, the mortgagee may opt to finish the foreclosure to deal with any additional encumbrances on title or a Deed in Lieu can also be arranged along with a directed sale of the property to produce funds to satisfy the lien.

Previous years revenue is not that appealing, thus I have negotiated the below for the new contract. 1) New Energy efficient machine will be installed. 2) Coin Match will collect the cost of 1 cycle per machine per day and the remaining will be paid to the owner.

From the remaining $690 you have to cover your P&I payment (taxes and insurance are in the 50%).

"The more things change, the more things remain the same" and "things are worse than they seem".

I already have property management set up down there that I am satisfied with, but what I've been hearing is the market is picking up there and deals are getting harder to find.

Many believe we are in a mini-bubble and I'm convinced the market may remain strong or semi-strong (although appreciations will decrease in rate).If/When shadow inventory is finally released (eventually), it may not cause a "flood" to the market which I've heard over and over again.

If the 1st mtg actually made the connection with what happened, I don't know how much that would increase the odds of them seeking the deficiency, but it would certainly be incentive for anyone who may have bought that remaining debt from the 1st mtg holder, with that much equity.