. $50k is a lot of money but with that said, by the time this gets litigated, unless you recover legal fees, I think you're in for a huge nightmare and may want to consider taking the loss and being done with it.

Due to unemployment bonuses going away in July, and people who can’t recover from their delinquencies, that may lead to a spike in foreclosures.

He claims that he's a recovering addict and the pipe was "old".

I think anything we try to do will have unintended consequences down the road.or we could just let the virus stop the world forever...Yes, stop the country for 2 months and allow it to recover this year.  

I do believe I probably will recover some or all of that investment when I sell the property.  

The more money you lose, the longer it takes you to get to a profit because it means more losses you have to recover first...and, you have less (and less, and less...) money to get there.Ego and Rationalization are the two most expensive words in the REI's dictionary...so NEVER use them. 

All this means is you need to recover it over time...and it should recover. 

Courts in class actions frequently award fees proportionate to the damages recovered."

I have some friends that own a vacation home there and to my knowledge, the market is still very seasonal and hasn't recovered at nearly the rate the Richmond market has.

The issue really is:  once you get sued, can the plaintiff recover against you?