You would need to inform the collection agency you intend to do this and it's unlikely they would continue to pursue collection if you were suing them, but they might take it back after you reduced your claims to judgment. 

Google NACHA for more information. 

These are, or should be standards in design and build, that translate to any and all economic markets:1 - Treat the design as the first few times (changes) you will build, and pay for, the house.2 - Treat the design as a system, made up of a series of interacting systems.3 - Understand that design is a series of decisions, with each decision impacting more than just the immediate decision you are making. 

Real estate generates a return through cash flow + appreciation.It appears that cash flow is negativeAppreciation appears to be 0% over 2-3 years based on zillowThe question is what you beleive the future will hold for cash-flow and appreciation.Cash-flow will likely continue to be negativeThe question is what do you think about the appreciation for the bay area.If the property continues to stay at $850,000, it will likely not be a good decision to hold on to the property.If you think the property can appreciate to $900,000, $950,000 over a few years, then it can potentially be a good reason to hold. 

I am using my newfound access to the MLS as a tool to source good deals and make educated and sound investment decisions.

THe $125,000 costs does not include any settlement or carrying costs and expect the borrower to pay around 7% on the exit in form of settlement and brokerage transaction fees.  

My response from your other thread about this subject...Hi @Dianne Pettitt , do you have any more information?

Now, as I stand on the brink of the rental phase, the decision on furnishing is a real conundrum.Key Questions:Furnished or Unfurnished: I'm keen to hear your experiences and the factors that played a role in your decision.

I finally made the decision to invest in a lawn mowing robot and I was able to use my 3 extra weekend hours to actually focus on my businesses or do other things. 

I’ve been attending the RI Real Estate Investors Group (RIREIG) for over 20 years and have found it very worthwhile for the information in the presentations and even more so for the networking connections and friends you make.They meet twice a month, usually on Thursdays, one is online for anyone and the other is in person for members.I hope to see you at a future meeting!