That could be a huge albatross around their neck, and may result in a massive loss in June of 2025. 

If you just lost 1 months rent then I would suggest you cut your losses and move on, it could have been far worse.  

I generally set the ACV at around 80% for cost for me to rebuild since I take the risk that the house would not be a complete loss and I can cover the deficit if needed. 

Job loss?

He really helps me realize that one loss or bad deal doesn't ruin your business and isn't the end of the world if you stay focused on your big goal/picture.

I had been a loan officer focusing on foreclosure refinances (using Washington Mutual, New Century, Option One, One Stop and so on) so I knew loss mit and who to talk to, to get a postponement if needed, so we could close. 

Then they are going to find out they are not profitable because they didn't buy right and after x amount of time, they are going to have to exit and exit at a loss.  

Yet my perspective is that although real estate valuations are increasing, it is at least partially contributed to by the same loss in purchasing power effecting consumers and investors in the grocery aisle. 

Now I get the picture. and understand what the 6% value is and why it was quoted in the article I read.SC, I assume then will not tax me on the LTCG and allow me to show the GA Tax paid.I have some other net losses on Rental properties in GA, that SC does not allow, but I guess they can offset the LTCG in coming up with GA income that is taxable in GA and hence what % tax is due. 

In my experience, servicers aren't that good at loss mitigation efforts.