You only get what you are owed.If it goes to bankruptcy it STOPS foreclosure process as they try and restructure the debt and go back to regular payments potentially (depends on type they file)To be blunt if you never have bought a note before buying a non performing commercial note would be like handing the keys to a tractor trailer to your 16 year old kid and say go drive this as their first car they ever drove.

I have a bankruptcy that i'm almost 2 years out from and I'm told i'm not eligible for a HELOC for 5-7 years from discharge and a refinance not eligible until at the 2 year mark in October.I'm just wondering if this is an option or if anyone has seen or done this in the past.Question: After i find a deal and look into finding a private money lender, since I have no "skin in the game" as it would be my first deal and have very little capital, would a private lender be open to financing 100% of the purchase and rehab cost and accepting a lien on my house with the equity I've built up?

Probate is also public record, as is foreclosure filings, bankruptcy etc.

Due to life happenings over the past couple years I had to file bankruptcy, (chapter 7) which is discharged.

Unless it changed, there's no wage garnishment in PA, so your wages are probably safe - but you'd still have a judgement that will sit there forever until it's paid, or you file bankruptcy.

You have to distance your current self from whatever it is, a bankruptcy, a foreclosure, 90 day lates, judgements, collections or whatever.  

Buyer is required to pay a 5% of purchase price or $7500 (whichever is greater) surcharge at closing to the bankruptcy estate.

You can consult with an estate planning and/or bankruptcy attorney to determine whether you can structure your assets in a way that will further shield you from liability for business obligations.In corporate law, shareholders who mix personal assets with corporate assets can sometimes be held personally liable as the “alter ego” of the corporation.

Lesson: always make borrowers pay something monthly (even $1.00) so if they bail and stop paying, you don't have to wait until maturity to foreclose.The spouse of the borrower moved to a different state and filed Bankruptcy.

Everyday people die, people lose their jobs, people get sick, people get divorced, people file for bankruptcy etc.