I also noticed some deficiencies I'm sure you're aware with and they would likely be obvious to an appraiser, I can also show you the estimated costs that effect value" You can use your expertise to inform an owner and at the same time negotiate with them.

Your umbrella policy may be in deficient of the amount of the suit thus leaving you      exposed to the difference. 2.  

Thanks for the thought....I'm looking forward to working with these two, Phillip is helping me with my computer deficiencies LOL!

But assuming they DO NOT challenge..My question is - could the State of TX or other jurisdiction act independently of this harmonious arrangement and file their own lawsuit against me (the investor/seller), if they found something deficient in the contract?

Predatory lending is more in the forefront now than any time in my years, CFDs lean far to the side of a seller, primarily due to forcing a buyer to abandon title without due process but there are often other issues, such as notices of late payments, late payment amounts, notices of demand, time to cure deficiencies that may be different than accepted practice today.  

What does this Deficiency represent?

I started by double checking my leases and found they are really deficient when it comes to defining garbage removal from the house.

I have a few questions before I go any further, and if I should pursue this property.Judgment:                     $115,836.09Property Insp.                        285.00Property Preservation          1952.00Appraisal/BPO                       400.00Sus/Unapplied funds            (50.00)Interest                              29883.77Atty Fees                             1250.00Subtotal                         $149556.86                      Costs                    $338.00                     Publication Notice   150.00                     Subtotal                $488.50                                          Total                    $150045.36                                           Bid                          25515.00                                          Deficiency            $124530.36What does the Judgment represent?

They also like to ask about credit implications, tax liabilities, and deficiency judgments. 

You don't want to wind up closing and then finding out that you've skipped a step and are already deficient in the process.