Example if most of your assets is your house, you’re covered under threat of bankruptcy.  

Door knockers" were deployed to homes immediately after foreclosure notices were posted, misleading residents into thinking they were charitable or relief agents.Deceptive Contracts: Many homeowners signed contracts that were invalid or heavily tilted in favor of the defendants, allowing acquisition of homes far below market value.The scheme reportedly involved fraudulent bankruptcy or probate filings to delay foreclosure auctions and maintain control over properties.Allegedly, title companies and law firms enabled the fraud by processing deeds, notarizing sales at below-market prices, enabling rapid property flips, and even filing lawsuits against victims to enforce transactions.Azag4.

Burry officially declared he's "back".

It used to be 6 months from sale would be good enough (30 years ago).I could go hard money, but I would want to watch the pre-pay penalty, points and interest.I will most likely hold onto the property for 2 years as residence if I don't use hard money.You won’t be able to obtain a conventional 80% mortgage by having the seller carry the 20% balance without committing mortgage fraud - lenders will require the down payment from the borrower and require you to sign statement declaring that the source of the down payment is not borrowed funds.  

Remember, they can always refer themselves😊Use one of the ideas below to trigger who they know that they could connect you with:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcPutting this in OVERDRIVECreate a spreadsheet (Excel or Google Sheet) listing everyone you can think of that would recognize your name or face.

So, you have a prospect with no interest in seeing your property and credit so bad they are in bankruptcy, but you are considering their application?

Marco's Bankruptcy Filing - 2008

You have people with a great interest rate, thinking they will "somehow" figure out their problem, when there are only a few solutions and of those, they have to have sufficient income and an "acceptable" (either to the bank or to the bankruptcy court) excuse for getting behind.

@Sam Rubenzer there is no 1 universal in Mpls, and any saying they can/do do all/any PM in Mpls is just a declaration of not being all too good at any of them. 

If the borrow declares bankruptcy for example, that probably drags it out another six months and you're going to draw down your retainer every month, which probably could run you at least double or more.