Real estate taxes will be prorated as of date legal title transfers.NO JUDGMENTS:Seller warrants that there are no other judgments threatening the equity in the subject property, and that there is no bankruptcy pending or contemplated by any title-holder.

hello all,I recently found a property I want to purse, but after doing my due diligence I noticed that the owner recently filled for chapter 7 bankruptcy.  

These two different mailings will have to be chunked down to a market, property type, property status (default, bankruptcy etc.), and then sent out.

I think I may be better off selling to a traditional buyer instead of my tenant that has a past bankruptcy.

Many of them poop all over themselves and they poop all over the toilet and you need people who can clean after them, or you will hear from their relatives and the way they talk to you it is very difficult to bite your tongue and maintain good composure.It sounds cool to have a house with a lot of rooms and fill them up with clients who pay a few thousand dollar per month for each room, but the costs for dealing with all the legal requirements and to pay the staff can put you into bankruptcy real easy. 

You should actually read their entire credit report to see if they have collections, judgments, bankruptcies.

Its Highly likely the borrower will go into bankruptcy prior to letting the property go. so, what does this do. the first keep accruing default interest and expenses that comes in front of you. you have to hire an attorney more money out of pocket and if your IRA just happens to not have enough money in it for expenses this jeopardizes your IRA. 

Many lose everything, one declared bankruptcy after using some of his millions in RE.

Real estate" is not one business or one type of investment, it is a number of related businesses or investmentsResidential, multi family, office building, warehouse, mixed use, retail, recreational, raw land, tech centersLarge, medium, small, microUrban, suburban, small town, rural, exurbsbDifferent states, different metropolitan areas, different cities, different neighborhoods, different blocks, different demographicsDifferent property age, different architectural style, different fixed expenses, different financing, different tenant mix, different tenant demandSingle net lease, double net lease, triple net lease, CAM, building allowances, rent holidays, lease length, buyout provisions, personal guarantees, lease renewal, cost of living increases, flat percentage increases, Different loan amortizations, fixed interest rate, variable interest rate, balloon payments, fully amortized, institutional loan, private loan, seller carry backBuy and hold, fix and flip, syndicate, partner, joint venture, self manage, professional manager, management company, leasing company, in-house leasing, real estate agent, licensing requirementsFederal laws, Federal regulations, state laws, municipal laws, rent control, eminent domain, set back requirements, utility easements, property taxes, special tax assessments, development districts, water districts, utility bondsPassive investing, active investing, portfolio income, business income, retirement funds, ERISA regulationsAsbestos, Clean Air Act, Environmental Super Fund, pollution control, water runoff, Flood plain, floodway, Flood control, Flood insurance, endangered species, wet lands Zoning, Planning Board, building permits, occupancy permit, community board hearings, noise ordinancesEviction laws, foreclosure laws, bankruptcy laws, civil liability, fair housing, tenant rights, disclosure laws, loan modification laws. 

Evict them, they can’t stop that with a bankruptcy, that’s  irrelevant.