recession | firsttuesday Journal

Form-of-the-Week: Partial payment agreement — Forms 558 and 559

by Amy Platero | Jun 4, 2026 | Commercial, Forms, Fundamentals, Property Management, Real Estate, Recessions, Your Practice | 2

Commercial landlords and tenants agreeing to partial payments use RPI Form 558, and residential landlords and tenants use RPI Form 559. The forms commit to writing the portion of remaining delinquent rent the tenant owes the landlord, the date the balance is due, and when not paid by the due date, what action the landlord may take to enforce payment.

Negative equity and foreclosure

by ft Editorial Staff | Jun 2, 2026 | Economics, Feature Articles, Mortgages, Real Estate, Recessions | 2

When does strategic default make sense for a negative equity homeowner?

Form-of-the-Week: Purchase Agreement with Short Sale Contingency, and Deed-in-Lieu of Foreclosure — Forms 150-5 and 406

by Amy Platero | Apr 9, 2026 | Economics, Forms, Fundamentals, Real Estate | 0

Alternative methods to a foreclosure sale on mortgaged property include a short sale and a deed-in-lieu of foreclosure. RPI Form 150-5 allows a buyer to purchase a property when the mortgage holder agrees to take a reduced payoff to satisfy the debt and clear title. RPI Form 406 allows an owner to deed their property directly to their mortgage holder.