There is risk to it (ask the owners that declared bankruptcy in the financial crisis, or the publicly traded REITs that went under or nearly went under).  

So they’d both have to bail and declare bankruptcy to escape. 

It's a common cause of bankruptcy among lower income folks."

It was not until we decided to file for bankruptcy that we were suddenly contacted by Wells Fargo offering us a loan modification - HAMP.

We've heard horror stories where tenants filed for bankruptcy just so they can delay moving.

I filed for chapter 7 bankruptcy about a year ago to get rid of some old credit card debt from when I was in school that was really hindering my ability to move forward. 

I think the owner ended up declaring bankruptcy around this time, because the auction listing was removed soon thereafter.  

I’ve come across a couple of preforeclosure properties and owners going through bankruptcy through the BG foreclosure subscription.

On top of that, to pour salt on an open wound, I paid attorneys about $100,000 (can't remember) to sue two general partners and there was so many lawsuits between parties I fired my attorneys for ripping me off and filed bankruptcy.

The stock of distressed properties is evolving every minutes as property get sold and some owners get to file bankruptcy get divorced etc You just have to make sure you market to the right target. + with the wave of foreclosure & evictions coming in next year there will be plenty of opportunities for wholesalers and fix and flippers out there ;)