@Jd MartinMatt this is a typical cash partner credit partner middle man deal.Christine in all liklyhood has a unsecured note from Wendal  that ties to this property not a vested interest in the property just a note.. there is no security instrumentthe credit partner is the owner of the propery solely.. with a deal with Wendal as well.Wendal is middle man and the promoter making a fee for putting the parties together.what Christine needs to do is pull tax records and find out who the owner is .. present them with her Note and just cut Wendal out of this deal and if they are only in it 170ish  and its worth 200k it should just about break even or a little lossChristine  your experience with lease to own is common.. even though promoters like to talk about how there are no repairs the lessor will pay.. lessors are Lessors are lessors they still look at it many times like they are renting.. and just expect owner to pay.. so the owner ends up paying rather than evicting.. its no easy chore to evict in that area.I suspect there are others in the same situation as these two ladies.. when someone with high profile like this guy gets going and is running boot camps etc you can expect many others who have invested with him.. would be nice if anyone has had a good experience could chime in..

Just for clarification, are you saying that ripping off lenders by defaulting on unsecured debt is a way to wealth?

Further, unbeknownst to me, this was an unsecured loan.

It's basically a giant credit card that has a lower rate because it's secured by your home as collateral, rather than being unsecured like most credit cards.

The appreciation historically been too high to suggest an unleveraged purchase as the return decreases.  

VIP notes (Versity Income Property) are unsecured notes that are now not paying distributions either.The Walk   One on 4th   Hayworth  Vintage Horizon   Apex South Creek   VIP NotesThis week I received from Crew the Q1 2025 Report on my Wolf Run and Inspire on 22nd Properties.

I have unsecured Business Lines of Credit but most banks will make you personal guarantee and/or have 2 years of business time

From June 2020 to June 2024, Santarelli solicited hundreds of investors nationwide to invest in unsecured promissory notes ranging from $25,000 to $500,000.

This issue is widespread across the industry (increasingly with the ease of raising capital through social media and internet name recognition) and extends well beyond fee complaints.In some instances, LPs believe they are investing in a debt fund believing their capital is being applied to first position mortgages (viewed as a safe investment),  when in reality they are providing low-cost, unsecured debt to sponsors who are then deploying substantial portions as equity in development deals and retaining all of the upside.

Without it, the note is unsecured and not worth more than an unsecured IOU.