I wrote a blog post on this on my blog but quick summary is what happens when the whole building floods and there is a fight between the different carriers as to how much each one will pay out, or they discover that the by-laws were that they had to buy collectively  this is not a good place to be especially for a homeowner who just wants insurance to cover the darn loss.

So you're saying your "business" had so many losses, you don't show an adequate income to qualify for a loan?

They want to know the property is actually a good deal so that if you default, they can just take the property and recoup their losses.

While higher risk investments may have a place in an investor’s portfolio, the investor needs to analyze the increased risk in relation to the yield, expected default rate, and his ability to suffer loss to the principal value of his investment portfolio.

Due to a job loss and my having to go on disability, we can no longer afford to stay in our home.

I'd much rather pay the $450 and save myself the hassle of going through a trial where a loss might severely affect my REI business.

And by all means get a job In the industry to learn as they go alongMy other very VERY strong opinion is Sub too  and sandwich leases I don't care what any one thinks I think these should be highly regulated as there is just way too much fraud and monetary loss's when you teach this technique to undercapitalized and or low Character folks ( which Real estate draws them in like flys) its really turning folks lose to really foul up uneducated sellers and there are millions of those as we know.

It already was and now it will be a massive loss for all commercial real estate.

So a 21% discount in income would equate to a loss of value in her investment.

Of course, that does not mean the bidding will start at that amount - the lender could be willing to take a loss (starting bid lower), or the lender could be unwilling to set a bid that does not include everything that has gone unpaid (like taxes and municipal services) with a higher starting bid.