Someone had previously had it under contract, but that fell through, so I jumped on it.

.🏗️ Wholesale Inflation CoolsThe Producer Price Index (PPI), which tracks costs for businesses, actually fell 0.1% in August.

Rents fell in Detroit last year by 2.7%.

On all three, NCCG fell short. 

I fell just under budget.

Conventional 30-year rates fell to a 2025 low of 6.27%, even as August’s CPI showed faster monthly and annual price gains than July.

I fell for the hype.

You could easily take a $1mm hit per year, if this fell apart.

No kidding if there is no Trust deed or mortgage these are simply unsecured prom notes. and to collect on those you need to first file a lawsuit  second get the judgement  third try to collect on said judgement.. sounds to be these borrowers may have set this person up and they fell for it. 

Mountains of "WTF" for sure, but most of which pre-existed this conversion, and seems people were a-ok with all the "WTF" until the ax fell with them doing exactly what they were empowered to do from day 1.