The Trustee spread the proceeds to the many creditors - her debt was around $45 Million.It would appear that just like every other court proceeding, it is next to impossible to predict the outcome or the steps to get to a resolution.

helli my name is Josh and currently i ive been contiplating on buying my first small home to hopefully rent out come tax time 2014 I'll have around 5500 to invest.

In reality, the outcome almost always falls somewhere right in the middle.

Sometimes, there are local laws you must know.Second, you must learn how to work with people with the goal of a positive outcome for everyone.Third, if you worked for me, you must learn how to collect money.

The easy outcome is the borrower continues to pay to zero with no issues or he sells his house and you get paid in full.

So if this is your first sell, try to use him and then learn the nitty gritties and later based on the outcome you take a decision for your future projects as to whether or not you need to continue with an Agent.

I actually don't think that's necessarily the case...though I think the outcome is almost as bad...My concern is that he convinced you to buy a deal where you'll put in a lot of time and effort for a very small payoff, and he'll earn crazy returns (18% interest and 6 points) for convincing you to do it.

I am considering this, too, but I wanted to hear your outcome.

Nonetheless, I have edited out the addresses and phone numbers for all people, just out of courtesy.I have no idea of the final outcome (if there is or was one).  

I would rather keep his mortgage in place and have the judge reduce the amount that we owe based on the lawsuit outcome.