Collections on all debt must follow the law and the Fair Debt Collection Practices (rule can be read HERE) will dictate further correspondence between the creditor and debtor.

Even a billing statement (accidentally) sent to a debtor can result in a fine to the lender.

We also seek debt or equity funding for our current developments.

The creditor benefits because the note otherwise non performing becomes a performing not and as long as the new debtor can afford the monthly payments they benefit from a "tradeline" that reflects positively on their credit.

You cannot inherit the debt or the taxes by buying the property.

These were larger judgments where when they do recover they get more money for their time OR they would pay court costs and split proceeds with me 50/50.They were honest and said the 50/50 deal it usually takes about 6 months to 1 year for amounts to start coming in and years and years to collect a majority of the balance before at some point the judgment will be collected or settled or the debtor will file BK and wipe out.It's not just buying the judgments it's the time spent going after the return.

Use it as a down payment and take on debt or no debt?

I am sure there are a lot of emotions flying around, and regardless of who's fault it is, in the end it all boils down to the following options:1) Walk- away and get the house foreclosed on, ruin your credit, and your financial reputation.2) Sell the house, and hopefully the bank would forgive the remainder of the debt or you would just have to eat it.3) Wait it out, and hope for a turn in the market, but in the mean time you could live in it, or rent it out and probably take a loss but one that is not as large as if you lived there.

Start a single member (files Sch Cs and doesn't deal with K1s) LLC and pay DnB $500 to build credit quickly while boosting my personal credit and paying off all debt or converting all personal debt into business so it's off the personal reports for DTI.

Title co.s get pay offs, for the purpose of passing title, for liens/mortgages all the time without written authorization from the debtor.