I am bothered by the casual nature in which Diem speaks about her bankruptcy in that it seems to be one of convenience rather than necessity. 

Planning to do this exact strategy with the company mentioned by others but have to wait another 10 months to get 7 yrs past a bankruptcy  :(So, in the meantime, I took a second position HELOC for a total of 80% LTV on my primary home and am using it the same as if it were a first-position HELOC.  

High Credit card utilization is better than a abundance of missed payments or recent bankruptcies.

Under most Bankruptcy laws, you can't take the person home away, thus finance companies won't work with you. 

Spouse A declares bankruptcy which delays foreclosure for 7 years then Spouse B declares bankruptcy for another 7 years so these families live mortgage free for upwards of 15 years. 

What if she dies, claims bankruptcy, misses payments, gets a new partner who you don’t get along with and they intentionally screw you over in some way, etc.

In terms of debts, I agree with @JoeHammel - A title company is the best resource to check on all liens which could be contractor, IRS, bankruptcy, local utility bills or property tax, child support, etc. 

As I see it, the two areas to watch are a bankruptcy and due on sale clause.

This form is sent to the borrower, investor, and the summary form is sent to the IRS.Other fee for services may include door knocking, bankruptcy research and filing of proofs of claim, providing credit reports, workouts with borrowers, loan modifications, short sales, REO (Real Estate Owned) management, inspection services, foreclosure management, etc.SERVICER OF RECORD OPTIONA servicing company may also offer you the opportunity to do your own workouts with the borrower while using their license as “insurance” (this is what we meant by “insurance reasons”).

May I remind you that Trump declared bankruptcy 6 times, yet he gets praised as an astute businessman but this kid is a moron?