As for micro-management, I'm letting the fee reason with their judgement (to pay or not to pay).

@Bill Gulley  EM Notes used to be the rule in Oregon... coming from CA to Oregon 20 years ago I had never seen them.. in CA it was cash on the barrel head... and not 10 dollars more like 10,000.but we know Bay Area is an anomaly of high priced RE .what I like about the EM note wholesalers can use.. is if they flake out the seller can simply take them to small claims court and get a judgement based on that EM note... 

Lawsuits are first come first serve in other words if someone got a judgement before him they get all thier money first before your friend gets a dime.

As for overages, any surplus after paying off the judgement amount along with any junior lienholders goes to the owner.

Also - I was reading the judgement of foreclosure, this might be a stupid question, but why does the bank also list for example "nyc traffic violations" as a defendant to the case, in addition to the name of the person being foreclosed?

Anytime the seller tells their attorney--I got a 1099-my agent never told me that, I'm being pursued for a judgement-my agent never, etc.

We never end up with a deed, what we have is a judgement confirming the tax sale.

@Uzi Galili Did you have an attorney get you the judgement or did you do it yourself?  

You're letting your emotion interfere your judgement.

It's based on judgement's tied to real estate.