Educate public, if the house drops the value, do I get my
principle and interest back?
Not I am gonna lend $10k or $50k, I'd rather buy citibank bonds that pays me 11% yield. It might be better deal than this private RE lending thing, which I do not know how I will find the lender and flight out to DC to collect.
:)
Sp you think I do not understand the risk? :):)