In my personal portfolio I've repositioned 6 NPLs and the borrowers are still paying after 2-3 years, mainly because I've had them pay $10K or more towards their arrearages as part of the loan mod process, so with that amount of skin in the game, the likelihood of redefault is lowered.

That includes rent credits, financing an option price, an agreed lower future price after rents are paid as agreed....anything.Beyond the stated exemptions allowed there is no method to finance, including using your wife's dog in a trust, that circumvents the intent of the DF/SA laws.No, I'm thick skinned but I don't need to address you in that manner at all.Now, if you will excuse me, I'm headed to the bar!

The banks typically do allow a seller held second as long as borrower has skin in the game.

Definitely gotta have a thick skin at times with real estate..

They pay little toward the rent -- very little skin in the game (in my opinion).

keep cranking out students with wild dreams of wealth AT ALL COST, and you will kill it for everyone.Again, no skin in the game on either side. 

Skim coating the damage is easy enough but matching any existing texture is the tough part.

Investing and business paper loses, start up costs, etc could be used to count against the income so that the tax rate would be lower and the 10% penalty would not be as painful.Possibly more than one way to skin a cat?

I think I said at least 2% and 3% was even better - half because it's true and have to get under some folks' skin

Did the borrower put any money or have any real skin in the game when you set up the transaction?