Usually, the judgement is double what the property is worth.

On the numbers you gave the deal can be done, but the HML wants to know from credit file if you have anything following you, child support, tax liens, judgements as these will attach to the PIQ, even if you buy with entity if something goes south they want you to refi & cash them out.

If you boot them, you will incur more legal expenses and most likely won't be able to collect even though they have a judgement against them.

Because the skier signs the waiver and if they get hurt in the normal course of skiing then the judge wont allow a damage claim, but if the ski lift malfunctions then they would probably get some sort of judgement.

yes, that is why I hesitate to buy the property that has section8 tenant there the first place. you answer shows my original judgement is correct then you bunch!

Yes Jay is absolutely correct that many people with properties in foreclosure will have judgements and liens that will all need to be searched if you pursue further.

Use your judgement to adjust based on comps .

Make a strict judgement on whether you truly believe they will be able to refinance the property in the term of the land contract.

The LLC states and I will change this, "that mediation is the first recourse" I would like to hear suggestions on how I can guarantee payment of my principal without suing and getting a judgement.

Do you have enough experience in both to make that judgement?