I have two different loan servicers plus my own (for new paper or loss mitigation notes).

I'd keep a close eye on them to make sure you don't incur unnecessary losses in the future.

But it certainly helps.Taxes are another area play on holding properties, you need to consider your tax liability and if a property makes you any money from any losses on paper.

So a conversation with that broker might help.We are going into the summer so price it right and get it gone.If you want to take legal action be prepared to write a check to an attorney, you'll need to justify your financial loss and you might find that can be hard to do, it could cost you more than it's worth too. :)

And usually the governing agencies can only respond to complaints being filed. this type of wholesaling flipping etc etc by inexperienced and non licensed folks has led to some pretty brutal financial loss's especially those preying on Out of country and or CA type buyers.Then you have those that just market for these wholesaler flippers and they are not licensed either.

Sadly if she doesn't though, it will truly be her loss, not yours, IMO

You're still poorer by $0.72 than if you had avoided that $1 in interest.If you do go down this road, be dang sure you can make the payments on the HELOC even if you really take a loss on the investment.

What if a deal goes bad, and money is lost, who is taking the loss?

Some data points we look at are population, population growth/loss, unemployment, crime rate etc.We then filter out the rows with characteristics from those data points that do not fit our criteriaAfter filtering, we order bpos on every row, and that gets returned to us in a massive spreadsheet.We then run some calculations to filter out blatantly bad BPOs and filter out words we don't want like such as "fire", "burned", "demolished" and "razed".Once we have a list of properties we're interested in, we use an excel formula to create a bid amount for each row.We get to pick out the properties we want to bid on in the pools.

In addition, reduce your risk and losses by having a strong lease and enforcing it.