Sam,A bankruptcy does not stop a foreclosure it will only prolong it for a short time.

Let's see, could be a family house they're very emotional about, could hv filed bankruptcy and is working on a loan mod, could hv a settlement pending and getting some big cash payment soon.

Then you'll need to check for bankruptcies and federal liens, but I can't remember if those are available online without a paid subscription service.Or, you can talk to a title company about just doing an "O&E" report (Ownership & Encumbrance).

Non assumable simply means there's no way for the seller to be removed from liability on the note.What if the seller received a CH7 bankruptcy discharge and the mortgage was included in the bankruptcy and not reaffirmed (this is the case). 

They just have not declared bankruptcy.

Bankruptcies? 

Also, the more you understand about the state of the property you're considering (ie did the owner file bankruptcy the day before the sale, didIf you PM me I can help you look into doing something similar in PA.

Agent remarks say "May be subject to bankruptcy court approval" House 2 1221 sq ft, $185K DOM 112.

That is bankruptcy, not short sale.

(Some firms have gotten around the bankruptcy problem by getting their former CEOs to become the Treasury Secretary.)There is another way to make money with stocks and derivatives that does not involve a lot of risk but does involve a lot of skill and knowledge.