In most states residential loans are fully recourse and allow for deficiency judgements against the borrower if the foreclosure proceeds come up short.

I’m curious if anyone who has just an umbrella policy has been successfully sued where the umbrella policy wouldn’t cover the judgement.

We've bought property that way, but it wasn't clean and there was a risk that there were debts or other judgements attached to the LLC that we didn't know about.

.- Any expense on line 14 "repairs" can only be added back with a bunch of supporting documentation matching exactly & based on a human underwriter's judgement call on the "one time" nature of it (and how that underwriter's mood is on that given day) on a one-off basis.

Any judgement is settled at court.

Due to the fact that most courts will will not recognize the eviction as your eviction***3) an agreement at the first court date - we came to an agreement at the first hearing that they would be out in two weeks and that would avoid the eviction and judgement for unpaid rent.

It also shows 4 small "judgements and liens." 

  :) Raining and wet. 

Unless your willing to go to the mat and sue on the note to get a judgement ( assuming its legal to do so in your state).your out the money.. and the property has to be your remedy.. in all the years I have been doing this its EXCEEDINGLY rare that you will collect a deficiency from someone you owner financed the reason they owner financed in the first place is probably credit and other nik's in their credit or borrower profile.

Title search a must and you will want to look at sellers credit report to learn if he/she has an judgement pending or have child support to pay.