I had to "repeat" that on Febuary 2nd with a tenant - got a judgement and advance rent, but the guy is still someone that would never have met our qualifications.If you decide to keep the deal, Id insist the SELLER make good on an amount equal to 1 months security for all tenants (a small concession), that's just me.

In my opinion, good judgement and an unemotional process are what keep you around in any market.

We all have success stories, but what about the costly mistakes, the bad judgement, the failure to understand expenses..

I build teams, buy the first property after seeing it then once I feel I can trust their judgement  I may or may not view subsequent property's. 

I was thinking someone saw the property went to the owner and bought the property for the judgement price.

I just tell them that if they hand over the keys, we can avoid an eviction on their record, and a monetary judgement that will mess their credit up.

You are right in assuming it will take a long time to pay off at $50/month, and he will likely never pay (or stop paying soon).Get the judgement and you can garnish wages.

So you could start the bid @ 90k, but you'll owe the surplus over the judgement amount of $30k + fees/costs.

In Texas it takes just under a month depending on when your JP's office can get you a court date ( 3 day quit notice and typically in my county i can get a court date on the 10 day after I file, then once you get judgement the defendant has 5 day appeal.  

New to foreclosure purchasing at court house steps...I'm looking to possibly bid on 3 properties at the court house steps in Forsyth County Ga.  I completed a title search through ProTitleUsa (not sure if they're the ...