Who suffers the financial and economic loss incurred by a late payment?

They have to show that they did their due diligence in trying to mitigate their loss by finding a tenant.

I just came to find out that the property is under contract, so that is a loss as far as the property goes.

This means I can withstand many complete losses as long as I occasionally come out on top with a big IPO.  

The only way to avoid  the risk is to sell the property to someone what would assume all risks, benefits, burdens, gains, losses, revenues and expenses related to the property for at least 180 calendar days. 

Many did not, and had to be forced out.Someone that doesn't pay their mortgage for whatever reason may justify it by thinking the bank can afford to take the loss.

We will expect actual damages of approximately $500 for the cost of having a locksmith remove the illegal device, another $9,000 for loss of the prospective sale profit, and an unamed punitive damage claim based upon your intentional interference with our property rights and intentional infliction of emotional damages.

My 2 options are (1) sell our current house at a loss and buy a new one or (2) turn our current property into a rental property (which we would be renting at a loss) and buy a new house.

The eviction report is worth it's weight in gold.

. -30) you cannot insulate ductwork in an unconditioned attic {which gets colder than an unconditioned basement} sufficiently to prevent a noticeable heat loss.