Thought this might be useful here as well: http://www.biggerpockets.com/blogs/2923/blog_posts/40555-notice-of-defaults-nods-are-on-the-rise-in-vegas-but-the-good-newsNOD's still down 80% from 2009's highs.Back in 2009 we had closer to 5,000 NOD's a month filed.Since AB284 was changed in 2011 the NOD's plummeted as a side affect of them trying to curb the robo-signing fiasco.

If you have a tenant making less than 3X the rent in gross income (yours is closer to 2x), I think your default approach needs to be to pass.With that said, I think that you should be open to being talked into taking them on.  

Portfolio lenders don't sell their loans and maintain the entire risk that you will default.  

As for our borrowers in general I would like to state that in the last seven years of lending our default rate has been less than 0.005%.

@Jeff Kennedy   Cash for deed is simply a land contract or installment contract from the owner. the difference is they don't deed the property to you until you paid it off.. this allows a scenario were you don't have to do a full blown foreclosure in the event of a default like you would in CA if you do a normal trust deed note and grant deed to the property at time of closing.

Thank you Daniel.I'm assuming I would have to structure the deal in a way that I would be paying off the balance in default to make the loan current?

Hello everyone,I have been listening to many podcasts talking about the virtues of getting a little more cash flow with a rent to own agreement.  I found a property that might be worthy of this strategy, but I asked m...

BURKEMPER TRUSTEE'S SALE -- Default having been made in the payment of a Promissory Note described in and secured by Deed of Trust executed by HAROLD W.

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.

Is there a way to estimate a default amount from a senior mortgage lien before biding at the HOA foreclosure sale ?