That attitude will only lead you to bankruptcy.

Deeds improperly held for safekeeping (this was a big problem with lost deeds) Life events, death, incapacitation, divorce, bankruptcy were insufficient as installment contracts involve individuals rather than corporate entities.

If you live in a state that allows you to completely exclude your primary residence from bankruptcy proceedings, it can be a good way to protect assets if you are in a line of work where bankruptcy is a concern.

Dave got in way over his head and went through a humiliating bankruptcy and now has an eternal grudge against lenders i. e. credit card companies.

When they do meet it, they have a previous eviction or bankruptcy.

., the $12k would be a reimbursement to me from costs associated with his bankruptcy.

The best time to approach someone who took bankruptcy is the day after the it is discharged!

This should ONLY be used as a primer to ordering the info from the clerk's office though.Bankruptcy Court Info:https://pcl.uscourts.gov/searchSearch for federal cases and bankruptcy case info of owners.

Found out that he had filed bankruptcy 2.5 years ago, yet the property still shows up in his name.  

Both filed for bankruptcy and while we won our case, this guy made it impossible to get to any of his assets, assuming he had any left.Luckily we made out OK on our investment in total but I have friends that didn't fare as well.Moral of the story is watch out who you do business with and think 5 steps ahead in case your deal starts falling apart.