Borrowers are more accountable.In some entities, a member or stockholder may have an equity position attached to assets, rights to employee contributions, pay, benefits or internal arrangements that may limit the ability to liquidate assets or attach accounts, such arrangements are generally provided among those having a major or significant interest.

Feel free to add or correct detail as needed.Subject property has a 1st position mortgage which is in default.

I will also add that your lenders must be very, very green to have agreed to be in a lender position with such a high LTV and that many senior liens above them.I would advise that you clean this up and have a reasonably LTV and not 9 deeds of trust against it.

Putting yourself in a position where you are living paycheck to paycheck is a very dangerous angle.

Your time extracting the data from public record and updating it would create a position.

OC is probably not the best place to invest as buy and hold, you can't get positive cash flow here.

The housing market could crash again, but you would be in a position to ride it out if your properties were generating positive cash-flow.

At the very least I can sit on the house until I am in a position to do better.Thank you

That's what i will do..Everyone that had something positive to say (Thanks Again!!).

Rich Dad Poor Dad (Favorite book)Cashflow QuadrantGuide To InvestingThe Ultimate Beginner's Guide to Real Estate Investing (was my 1st pure real estate book)The Art of DealThe ABC's of Real Estate InvestingThe Unofficial Guide to Real Estate InvestingThe E-mythThe Power of Positive ThinkingThe Magic of Thinking BigThe 7 Habits of Highly Effective PeopleThe 21 Irrefutable Laws of LeadershipAwakening the Giant WithinYour Erroneous ZonesThe Power of NowEmotional IntelligenceThink and Grow RichStart With WhySlight EdgeThe Compound Effect48 Laws of PowerThe Wealth of NationsThe Art of SeductionThe 5 Love LanguagesThe Art of StartThe Crash CourseBusiness Model GenerationSecrets of the Millionaire MindThe SecretThe Art of WarEmotional Intelligence The Psychology of WinningThe 4 AgreementsThe Richest Man in BabylonThe 7 Spiritual Laws of SuccessThe monk who sold his FerrariA whole new worldYour Erroneous ZonesAs Man ThinkethEat that FrogI read Rich Dad Poor Dad and I quitted from College in 2012 (I started in Real Estate in 2007), I was about to start a degree on Computer Science with a minus concentration in business administration.