@Patrick Desjardins, if notes with a borrower that does not match the current property owner or a second on a property $200k under water, the first lien holder has started foreclosure, and the borrower has filed for bankruptcy protection is the perfect note then you are right I am not going to pull the trigger and note investing is obviously not for me.Send me the information associated with one of your notes so we can see if I am one of the investors that has infuriated you lately. 

He said that he'd rather file for bankruptcy than sell below the 84K.  

You can maximize income this way....without the risk of tenants trashing the place or filing bankruptcy and squatting for free.People are always asking me what kinds of tenants we get....and they always think the worst because of rooming house mentality.  

We also partner with attorneys who offer the option of bankruptcy protection, expecially important for homeowners who have equity.

And the fact that your equity if protected from bankruptcy (amounts very from State to State) is an added benefit. 

WHEN YOU WANT TO STAY IN YOUR HOME AND CAN'T MAKE THE PAYMENTS "FIND CHEAP BANKRUPTCY LAWYERS WHO ARE GOOD"..Consult at least 3 different bankruptcy lawyers.

Welcome to the wonderful world of collections, where bankruptcy can ruin your entire day.

The seller does not have the ability to pay the $50k and will likely wind up in bankruptcy.

The ones who bought a bunch of stupid stuff will be on the Bankruptcy path with no reserves.I see this often with residential agents.

Everything from getting married, having babies, getting a new job, folks dying, getting divorced, going to a nursing home or long term care, bankruptcy, moving out of state, etc.