Possibly a loss of money for the note buyer when you take into accounts the risks ,such as defaults, involved in note purchasing unless they were looking to take the house at some point.Which explains why the offers you received were lower than the asking price since most of all notes are bought discounted to protect the buyers assets as well.

Again, there will be exceptions, such as self-employed or retired individuals as mentioned in earlier posts, but in the case of the typical W2 earner this is probably appropriate.Not that I agree with the loss of freedom of choice here ...

Collateral is assigned to provide a guarantee that the lender is indemnified for any loss or repay the debt secured.

$5-6k cars are less likely to fetch $5-6k in a year (possibly 500-1000 loss).

By doing this, the tenant would likely move into another rental and vacate yours, thus minimizing the loss.

I would get hit with a heavy tax loss but gain an income producing property.

I read all the posts in that thread but I do not see a lot of recommendations as to how a landlord can preempt something like that from happening or how to cut the losses promptly.

With home values rising I hope many will have the ability to refinance away from Ocwen but thereality of my professional experiences tell me, many will suffer some loss of sleep, if not their homes as Ocwen stumbles along.

As loss look up sales comparison approach.

May not be suitable for all cases, in fact a creditor(your lender) may file a Relief from Stay (when a creditor is permitted to take action to collect his debt or to regain possession of its collateral) and your main reason, your mortgage on your home is set aside from the bankruptcy, followed by headache, nausea, upset stomach, diarrhea, and loss of money for paying an attorney group for a cure all that didn't work."