The borrower is not giving the lender all of it's net worth, just the down payment and personally guaranteeing the loan, which provides recourse so the lender can attempt to go after those assets if the borrower defaults and the financed property value is not sufficient to cover the loan balance.I ignored the cash reserves requirement for simplicity.Good question...hope this helps.

A friend of mine is attempting to evict some tenants and is having a tough time.So if this not the right place to ask, please let me know where and I will. 

Do not make collection attempts on debts discharged in bankruptcy that is against the law.  

They have no motivation to push a seller and work through any bit of hesitation they may be feeling or make any attempt to discern what the seller's true reason for selling their home may be.Would the conversion rate be greater than just a voicemail?

Even if at the end of the day there were damages or issues to the unit with which they attempted to mitigate out of the deposit, you would still be owed the interest on the 950. 

Worst thing that could happen in life is that you never attempted.

I would highly recommend you let them do this for you and not attempt to do a title search yourself, unless you've done plenty of these and know what you're doing.

I am attempting to close a deal locally here in the Bay area or atleast 100 miles within San jose.

I am attempting to close a deal locally here in the Bay area or atleast 100 miles within San jose.

This was literally my first attempt to make contact and it returned this result.