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« From Rental to Self Finance/From Bad to Worse | Main | Back In The Hood »

Comments

cherry

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M

Next time, don't wait a year to foreclose!

And yeah... if you're lending to subprime borrowers, you need to escrow taxes and insurance for 'em. If they're not paying monthly mortgage payments, you can bet they're not saving to pay property taxes or insurance.

Gualberto Diaz

Nice blog you got here. With regards to the personal financing you provided though, maybe you should've made a provision that makes them pay the yearly taxes to you, monthly or semi annually or something, and you pay the taxes yourself. I know that some banks do this with their mortgages. Why didn't you pursue this option originally?

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