"At least one borrower must have been on title to the subject property for at least six months prior to the disbursement date of the new loan, unless one of the following exceptions apply:"There is no waiting period if the lender documents that the borrower acquired the property through an inheritance or was legally awarded the property (divorce, separation, or dissolution of a domestic partnership).The delayed financing requirements are met.

If you go to court and try to get the full $5k you're out of pocket the $2k up front with no guarantee that the judge will award you attorney fees on top of that.

You can click on the 'vote' button if you like someone's post or is helpful, and there are 'awards' to earn on your profile.

If he is awarded a judgment that is not covered by your insurance he would have a claim to the equity in the assets of the LLC.

Combine your work experience with Bigger Pockets various resources and it's a grand slam.A reminder: Bigger Pockets has various resources such as; ebooks, forums, blogs, webinars, podcasts, keyword alerts, an awards system, a learn section, colleagues, informative people in many fields of real estate, and more. 

Combine your experience with Bigger Pockets various resources: ebooks, blogs, forums, podcasts, webinars, colleagues, keyword alerts, an awards system, a learn section, informative people in many fields of real estate, and more.We are considered to be the average of the 5 people we spend the most time with so connect with REIA meetings, accountability partners, and mastermind groups to engage with individuals interested in real investing.If you have time consider spending 30 minutes for 30 consecutive days on Bigger Pockets.

@Bryan Hancock I see you have been doing more due diligence on this type if funding and so this might not be news to you, but here is what I now know:The money can take a while to assemble because most investors do not invest until they have been awarded green card.

The dollar amounts with the eviction records are probably the "damages" (lost rent and other costs) that the judge awarded. 

I approach real estate agency with the heart of an educator, which is one reason I've been so successful (I closed over $14M last year, 27 transactions, & I'm on track to better those numbers this year; I was named a BHG Emerald Award winner, placing me in the top 3% company wide--that's a group of over 725 agents).

If you have to evict and are awarded a judgement how do you place that on their credit or send it to collections?