Look into tax delinquent properties, pre-foreclosures, probate, bankruptcy Chapter 7 liquidations.

Still need to verify other details, but what I know is this:- Client has declared bankruptcy- Client has a Mechanics lien on house for 16k- Client owes bank 900k, and house (not yet verified thoroughly) is appraised at 550k- The appraisal is before client leaves house, which will have some further damage to it

Once it is empty he should list it as a owner occupy SFH and hope for the bestIt's a lost cause so best to walk away and buy when it goes into bankruptcy.

That stock has terrible earnings one quarter then files for bankruptcy 3 months later and loses 95% of it's value.

I used to also check bankruptcy filings but I've stopped that.

Small collections can be ok especially medical or student debt.If someone has had a major credit issue like bankruptcy or foreclosure just make sure there is a plausible story.

how do bankruptcies affect a foreclosure?

Since my financing options are limited due to the bankruptcy I was thinking that lease options were the best best way enter.

Everything they had build, in terms of their REI Portfolio, Bank Account Balances, their Personal Residence, etc. was lost, or they filed bankruptcy.

That should protect you and your wife from personal problems like bankruptcy.