They're for a house worth $100K with $95K in debt or some such.

My customers in judgments collection who search for debtor's property use this website as one of the source.

There may be a lot of challenging issues with heir's or beneficiaries or debtor claims and you don't know what the circumstances are..Good luck...

LOL – This will be that shock factor needed for them to understand that with a beat up house and unemployed debtor (seller), that $37000 judgment aint worth more than $800.

Lenders are not in the charity business and often require assurance that the debtor cannot pay back any of the debt that it is forgiving.

Do they have debt or are these free and clear?

Except in cases of property with enormous equity, it has been my experience that inferior liens are wiped out at foreclsoure.The inferior lienholder can somewhat protect himself by having a note acceleration clause in the deed of trust, and should the debtor begin missing payments to the superior lienholder the inferior lien holder can foreclose.Of course this foreclsoure does not wipe out a superior lien, and the superior lienholder can still foreclose and thus wipe out the inferior lien.However once the inferior lienholder does foreclose, he can then pay off the superior lien.

Just trying to understand:)I know some folks that do this quitclaim back to debtor (borrower, previous owner, whatever you want to call them) if unable to negotiate adequate discount, do you ever quitclaim back?

Can anyone shed some light on the new lending regulations surrounding student loan debt or direct me to where I can read the new requirements?

It is illegal for a person to make any false statement regardingincome, assets, debt, or matters of identification, or to willfully overvalue any land or property, in a loanand credit application for the purpose of influencing in any way the action of a financial institution.Some of the applicable Federal criminal statutes which may be charged in connection with MortgageFraud include:18 U.S.C. § 1001 - Statements or entries generally18 U.S.C. § 1010 - HUD and Federal Housing Administration Transactions18 U.S.C. § 1014 - Loan and credit applications generally18 U.S.C. § 1028 - Fraud and related activity in connection with identification documents18 U.S.C. § 1341 - Frauds and swindles by Mail18 U.S.C. § 1342 - Fictitious name or address18 U.S.C. § 1343 - Fraud by wire18 U.S.C. § 1344 - Bank Fraud42 U.S.C. § 408(a) - False Social Security Number