After talking with an attorney an honest one will tell you if it's worth your time to pursue or not and if the legal costs will be larger than any amount recovered if ever.It's not just about getting money back it's about the time, energy, and cost to do so and the odds (percentages ) of recovery if you invest the time and money to do so.

One thing you may consider is the Allegheny County Vacant Lot Recovery Program whe the county will wipe out all the liens and sell the property to you at an appraised value.

A non-recourse loan is limited to recovery of the value of the property. 

Where in yesteryear, I was nearly guaranteed a loss, today, I have a very good chance of full recovery or even a gain on sale (Post Foreclosure, REO sale).

Not to say that the phrase of saying "promise to pay" is ommitted as that is not, there is the promise to pay the debt created, but that the liability to do so is limited to the recovery and disposal of the collateral secured.Anyway, you could modify an existing note.Another way that may meet your requirement is by an addendum or seperate modification of the note and deed of trust.

Hi Chris,The 2 to 4 unit residential apartments are at a different cycle in the recovery for our areas then the larger complexes.So before I could comment I would need to know how many units you are wanting to purchase and cash down??

This is especially important when tenants are judgment proof and recovery from tenants are unlikely.This may reduce landlords from legal liabilities, help reduce insurance premiums for landlords, and help with tenant screening.6.

Most flippers now selling below their acquisition price.Just rent it out and wait for 2-3 years before price may recover. I

Remember, the top athletes and business people always have a coach if not more than one.

Does anyone know or have experience with Medicare recovery liens.