Since the loan is based on the entire portfolio, they can prevent you from selling a property to satisfy the default.

I think in most places a verbal agreement by default can only be month-to-month.

Here’s what typically happens when investment loans go 90 days into default1- loan is placed in “non per forming category”2- non payment information sent to credit bureaus, and borrower shows “90 days late”3- Fair Issac credit score drops 150+ points4- credit requests get denied, credit available is at rates 5 points higher than before5- notes are accelerated by lenders6- legal fees are added to principal balance owed7- the lender accelerates the loan8- interest rate is increased from the current Rae to the “default” rate9- late fees are added to the principal balance 

As I am sure  the OP knows one default and they all default plus default interest etc etc. 

Fast forward four years, and the landlord defaults on the mortgage, leading to foreclosure.

If you did win the bid and then defaulted, then your agent should have provided you with documentation where it specifies who received your earnest money deposit and why you were not entitled to it back, usually with all parties' signatures required.  

We certainly made that mistake, with both listing-level and group-level customizations.Or there might be some other sensitivity settings you could use, e.g. the weight of local hotels in the algorithm (the default is super low, but in some markets, that's what you want to align to).We've been using PL 4 years now, and it's still a learning curve (and I say that as someone that's spoken in a webinar on behalf of Pricelabs on revenue management strategy).

@Tabb PittYou should get atleast 25% down and charge atleast 9% interest as you can get 9% all day long private lendingThis will essentially kill the deal for any qualified borrower so you will end up with non qualified borrowers who most likely will default in 3 yearsJust sell it traditional method

If you want to talk risk, put down the PE talk for a second and look at commercial real estate, inflation, higher defaults, forever wars, growing china dependence and the economy and tell me that real estate would not be effected equally across the entire board when the house of cards fall, yet dividen stocks (this is a fact) tend to out perform the rest of the market due to hardships not really keeping people from drinking coke and eating at fast food chains.

When they fail to pay in full, give them your state required default letter and take them to court.