Below is my default letter that I send out to new people..

So if you default they won't come after your car and house because your corporation defaulted and not you personally.If you want to know more I suggest watching people who know more about it on YouTube that's where I got a lot of my information.

If so, the seller has likely defaulted on the contract and hopefully your contract will provide you with options. 

Go to them the day before and offer to pay their mortgage current in exchange for them selling you the property.That would be a waste of time as the borrower loses their legal right to reinstate 20 days after the notice of default.

The month an outstanding loan goes into default; they place 10% of the outstanding balance of the defaulted loan into a Reserve for Loan Defaults (RLD).

And - @Chris Eaker, Zillow publishes "pre-forclosures" for homes in default.

I dont know what "off plan" means, and with a negative cash flow i am concerned for you of potential default, or having to work a job to feed your investment, i am only familiar with how we do things in the states, please clarify. 

That's favorable to waiting for a default and eviction. 

Then you go down the rabbit hole of what happens when the borrower defaults on a note you sold to someone you "sold" on changing their retirement plan... and then this post gets lengthy, etc. 

You'll be in first position on the note so if the partner defaults you'll have the property to back it up.