If you don't follow the procedures to the "T" you leave the gate wide open for the tenant to bring in an attorney who specializes in wrongful evictions - and you know how that will go.

Pricing varies by state based on the legal procedure, area, condition, and many other factors. 

NON-RECOURSE OBLIGATIONS Note Holder agrees that for payment of this Note it will look solely to the Pledged Collateral or such other collateral, if any, it may now or hereafter be given to secure the payment of this Note, and no other assets of Borrower shall be subject to levy, execution or other enforcement procedure for the satisfaction of the remedies of Note Holder, or for any payment required to be made under this Note.

Isn't there risks on both sides of the table when using this closing procedure?

Guide to Small Claims Procedures: Collecting the JudgmentAs for turning them over to collections and/or reporting the debt on their credit report, you don't need an attorney to do that. 

There are strict procedures to follow (21-day notice) in order to place a lien.

I'm find giving half the deal away to not worry about that side of things as I naturally build my buyers list. 

Which style are You naturally attracted to.  

Most lenders and mortgage brokers make little to no money in the loan application process and usually do not even cover their overhead associated with the application.Let me state again that I am not defending these guys, but rather saying that just like residential loans, there is a cost to get a loan. due to the much more complicated nature of commercial loans, the due diligence and processing cost are significantly higher.

Come on people,  you and I both know they are trying to circumvent our policies and procedures.