My wife and I are currently in Chapter 13 bankruptcy.

You really need to make sure that the GP is as honest and responsible as much as yourself.During the trial, it was revealed that the GP declared Bankruptcy not just once, but TWICE.

I just got out of a bad divorce that included a bankruptcy and I'm finding deals but struggling to get capital raised or qualify for a mortgage.

So you would be looking at 2 1/2 to 3 time the cost of a single foreclosure, and of course 2 time the cost if the borrower were to file bankruptcy, or fight the foreclosure.I have paid $600 to foreclose on a property, and over $75,000.

Check bankruptcy before buying a foreclosure.

Personally I look at credit score, payment history to see no late payments and I make sure there are no judgements or bankruptcies.

If he borrows money from bank and deal completely fails, he faces default and potential bankruptcy.2.

I'm involved in a unique situation in which a client wants to essentially sell his home and still live in it.He took out a loan which has too high of interest rates currently and he hasn't payed the mortgage in a year.His credit is bad so no subject to.The home is lovely and worth $500k.His neighbor attempted a short sale deal as he owes $330k on top of not paying in a year.The owner's lender won't take less than $500k.My idea to help the client avoid bankruptcy and foreclosure is to propose the neighbor and friend buy the home at market value.This would allow the client to pay his friend and neighbor rent at a lower rate than what he's currently being charged at north of 10 percent.What's the lowest rate anyone has heard for private money lending?

So our money can be tied up until that hearing just to find out the owner filed a bogus bankruptcy 1 hr before the sale which invalidates it, or they file a motion to fight the validity of the judgement and then we wait another 3 months for the bank to fight that.

Recently had an "all cash" applicant not disclose a divorce, foreclosure and subsequent bankruptcy although thanks to knowing the process was able to get the picture and dodge the bullet.