It may play out well for you, but the details are tricky, and the adjustment procedure is complicated.

you are not alone nor dumb, i read an American study that 40% of home flippers lose or only break even on their projects. please talk to an attorney with bankruptcy and real estate experience before filing as could have long term complications.

The Judicial (Free & Clear) Sale wipes MOST but not all liens and encumbrances away.

@Rick Pozos  AS Rick noted he has not had issue when had to foreclose but he is also in Texas VERY short time lines..But you do the same transaction in Mortgage states were forclosures are judicial and time lines are years..

Source: https://es.wikipedia.org/wiki/Demograf%C3%ADa_de_Espa%C3%B1Trust me when I say Spain is in a very complicated situation.

Things get more complicated if you have a legitimate reason to believe the person is lying to you.

The word “tenant” is an extraordinarily generous euphemism in this case.What complicates matters more is that in New York City, someone can claim “squatters rights” after being in a home for just 30 days.

They can get complicated pretty fast.

The interface is like a parody of overly complicated design.

Dont over complicate it.