It will record a judgement on his public records.

That may be a pretty specific example, but use your best judgement.

In the state of Texas, the minimum bid is going to be the lesser of  the appraisal value or judgement rendered for unpaid taxes.

When I first told her this she got mad and said she will not do any deal with contingencies which I got the feeling she was trying to pawn her possible judgement onto the next buyer.

Same scenario as above except that the principal on the first is $125k.I have a feeling that the answer to the next question can be inferred from the answer to the above question, but what happens if I own the second (say I bought a mechanics lien/judgement from someone) and the first is $50k and the lien I bought is worth $10k and the property is worth $150k.  

My leases carry water same as rent, aka if unpaid are subject to judgement for rent not paid.

I feel that to have success it's necessary to pair eagerness and enthusiasm with good sense and sound judgement.

Just curious what is typically used to estimate what ordinary maintenance/repair costs to get a good judgement of NOI to help determine deal analysis.Thank you,Nick

Are you pursuing the judgement at all?

It also protects the asset from any further encumbrances and prohibits wouldbe judgement creditors, including the IRS, from attaching or placing liens against the property.