., via written (certified) correspondence, use good judgement on how you use the file.

It implies a moral judgement about the activity.  

REO's in Naples are tough sometimes as banks generally are not willing to sell for what the property is worth, more for what they got the judgements for.

These are all judgement calls...You must really know your stuff!

I've seen a lot of flippers in my town have houses just sit on the market forever because of small errors in judgement on location or finishes. 

I would like to think (hope) that those coming at contract just happen to be a really good judgement of well-informed buyer and seller :)Best wishes.

My understanding is that the 1st deed is subordinate to Tax Liens, Mechanic Liens and Judgements.

The local screening service I use didn't come up with any criminal history, but did come up with one rental judgement from 2001 and one medical judgement from 2002 that has been paid.

Most agents who would let their sellers sign a contract at your "smoking deal" price are just dummies, verified by the fact this agent did it with no POF, dummy listing agent mistake.I'll also go out on a limb, but probably not very far, and guess that you have no idea how many lien/judgement holders there are on this property as well as who they are. 

If you have each llc with sufficient capital, who knows exactly what that is, but for discussion, lets say $50,000 and insurance on top of that....ok, you are likely fine on the personal side...they just wipe out the llc....assuming of course they get judgement.