He's responsible for paying it back and should be looked at as if he was pulling it out of his own checking account.Anthony - For the cash you need from him, I would simply borrow it from someone and pay a flat return (15-20% ?)

Its easy to think that things will get automatically better this simply isn't true.

This is simply to be worked out between the realtor and the investor.

It is simply easier to given them title and to do a DIL or foreclose if they quit paying.

I will allow them the first option to purchase from me directly (win/win for both).

Maybe you can fight that, but it costs money and there are no guarantees you will win.

Last year I went after only high rates and I was able to use my data to win 6 certificates all at 16%.This year I went after 3 prime property certificates and had a few more as backup.

Further and even more simply, there is more inherent risk in condo finance than in other types of residential real estate due to the CC&R's.

Is this simply a company policy decision?

I'm guessing at a couple of numbers simply because I don't know some of them (yet).