The interest rate on a loan from Mexico for the remaining amount (210,000) is 10%.

They can eliminate their existing debts in 3 to 5 years using a combination of negotiated debt reduction and consolidation of the remaining balances.

The fundamentals remain the same.

Think about how long it would take you to save $300k simply based on the remaining cash flow of your property after you refinance.

Honesty is the best policy of course but it seems like the state laws make it hard to remain anonymous via mailings.  

Daria,  I'm not sure if your mother's desire is to remain in Paterson, but if it is, the new senior complex (Freedom Village) at 69 Straight St looks very nice and the builders seem to have put in some nice features, the website states apartments start at $1100. 

We currently have 1 rental property in California (with 13 years remaining on the loan) but are think about doing a heloc, refinancing or even selling to purchase multi family home(s) outside of Ca.

The lenders really would rather not take the house, that is just the only alternative that remains for the lender to recover in most cases where the borrower does not have the means to make payments that satisfy amounts owed to the lender.

Do I allocate the $200 remaining to the operating account and then becomes income? 

If they have more than six months remaining, I charge a termination fee of two months rent.