It's also not just about recuperating their loss either.

And if so, did you recuperate those costs before the profit split on the back end?

I agree that the listing agent should loose his Realtors licence if found fraudulent.My second goal would be to recuperate, lost time and expenses,.

We have fired him since then, but would like to recuperate the stolen funds.

If the person doesn't pay, the means to recuperate your money is to foreclose on the asset and sell it.That is as opposed to unsecured notes like lendingclub, credit cards etc where the debt isn't backed by an asset and if the person stops paying you have little leverage.In the case of the notes being talked about on this forum, equity makes a big difference for 3 reasons:1) Let's say the house is worth 200k and the person has 2 mortgages, one for 100k and one for 50k.

I would rather not rent just due to the fact that if I'm spending $15,000 on a place to live, I would like there to be a chance to recuperate that cash in one way or another.

Many times they don't even send someone to the sale, they just send a letter to the attorney with a written bid that is for the amount they are trying to recuperate.  

..Is there anyway we can recuperate the loss?

If I purchase now, will the value depreciate over the next 5 years too much for me to sell and recuperate my purchase?

I have a few strategies in mind:1. keep my rental properties, and invest to fix them up, or add extra units to maximize cash flow and just sit on them, I will wait for the developer to decide to sell their property. their property is vacant with no investment since their purchase, it can't feel nice to carry it. downside is if I am looking at redevelopment in the next 8 years then I won't recuperate my investment.2. talk to the developer, and see if they want to sell at a reasonable price, if not, I develop without them, the downside is if they know they holding the corner unit on a consolidated lot, it won't be easy to negotiate. 3.