And we solve problems with property, like probate, bankruptcy and divorce.No equity?  

Well, a few comments, not a book this time.Risks can come in various masks, borrower takes bankruptcy, the sale was flawed or originated improperly which can be missed, court tosses it out or does a cram down, reducing principal and the court may bar any deficiency.

Same way you don't necessarily mind bankruptcy as a result of healthcare/medical expenses.

At some point, if you do enough notes (but for the lucky few, it could be your first note deal) consider death and holding during an estate settlement, bankruptcy, law suits, title issues found on your watch, insured losses and settlements and God just saying this isn't going to work as you thought.

I am buying a bankruptcy list from Melissa Data to market for real estate deals and they asked me if I wanted to filter my list "Open Filings," "Dismissed," or "Discharged."

I saw at duplex today that I've been spying and upon arrival my realtor informed me the owners are going through a bankruptcy.

Your B class tenants are usually in the rental market, because they have had a life changing circumstances, bad credit for example, bankruptcy, foreclosure, they have good jobs.

Keep track of what is working and what isn't and adapt and adjust your marketing.Reach out to Bankruptcy attorneys, probate attorneys and other tradesman to try to get leads.I also have a saying, you don't find a great deal you make a great deal.

An order from a Federal bankruptcy judge would trump any state law and absolutely would stop the sale or reverse it if it was allowed to proceed.As for the junior liens, I can't imagine the lien holders not petitioning the courts alleging fraud in the transaction.

Since you are so new, advising her that filing Bankruptcy is an effective means of delaying a foreclosure sale would be the single most helpful thing you could do.