The electric goes out in a heavy rain and the basement floods because the sump pump doesnt work .

I always went by the judgement amount against the assessed value.

I am looking at a home in South Dakota that is coming up for auction.  The mortgage amount is less than 20K, homes in that neighborhood are around 120k on the low end, 160 on the high end. Its a one owner built in 198...

The only bad tenants I have had so far were because I made judgement calls like this.

Nice thanks guys, some good judgement there.

For example if a home has a winning bidding price of $15,000 does that mean with that $15,000 the home is free and clear of any municipal liens and judgements or is that just the auction price.

The bottom of the door had rotted and apparently rain water could get inside.

I have a condo in Washington DC and water damage from rain somehow leaked into my unit and damaged the floors.  

I am  looking at buying a B neighborhood for the first time ,20 years old house at a Sheriff sale next month , the house according to the counting record was assessed for $130900.00 and I could not find the judgement amount anywhere .Please help me with a step by step process and the I think the ARV will be $125000.00 and the rehab will be about $10000.00 not sure and what price should I go maximum and what I kind of profit will be able to make.All suggestions and advice will be appreciated .Thanks in advance for the help.

Cash based tenants tend to have little or no concern about leases, eviction, skips or property damage judgements.