Debt Service: 608* Interest Rate: 4.5%* Down: 20.0%* Loan Term: 30* Ann.

Hi Bigger pockets,Question, I went to settlement to sell a house, long story short, we couldn't close, issue with title that that is being corrected.

i think you need to keep your debt to income ratio low as possible.

But If the heirs are happy campers the court will give the PR full authority to execute their job to sell assets and pay debts.

The borrower/owner could have a ton of other debt issues that can't be settled so foreclosure might be the only way to extinguish them.  

It doesn't look like either of you have much debt.

If you have credit card debt, paying it off will increase your score within a month or two.  

3) If it were foreclosed on and taken back by the lender, the junior liens would become unsecured debt.

I only like a handful of them maybe 15% to present to my clients.Just like SFR or any other class it is about buying the asset right going in and the location.If a tenant might be having trouble we tend to do a negotiating settlement for release of liability for the rest of the lease obligation.One of my clients we did this.

Just don't want to land in prison or debt because I didn't understand the rules.