Sounds to me like they are trying to gain 30 days interest on all collected rents , however depending on your contract with them any interest they earn on your money is your interest .

Someone is collecting rent from these houses.

Lots of great resources here! 

I may write a little article about the process once it's figured out to share data collected. 

Some of the collections is very old and has been resold to various collections companies and law firms. 

Assuming they never paid on Principal you could collect $261.24 a month when you finance the property your self for a total $37, 618.11 in collected payments.What is my Motivation to Sell?

If they have a weakness in residence/rental history, income/employment history, financial/credit history, or legal/criminal history, but generally meet all of your significant requirements, then collect more security deposit to cover your risk.You can download an example of our Rental Criteria, as well as Tenant Screening Questions, from the BP File Place if you're interested in seeing some examples.

Depending on your net worth, this can become disastrous due to the fact that: (1) the property is totally underwater; and (2) the bank knows that you still have other assets that it can collect from you.

Enjoy all of the resources BP has to offer and best of luck on your investing journey!

(Bad credit is phone bills to collection and visa often late).The exit strategy is repay the property tax and put on mortgage on an 15 year amort so it will have at roughly 75% LTV in 2 years and refinance with a MIC.My concerns are as followings:If they do not pay I will either lose roughly $20,000 assuming an exit price of $130k or own a property (it's a duplex) that would have roughly IRR of 8% on a 3 year hold in a town that I do want want to own a rental in.The borrowers have enough money to pay as things are now.