If not for us investors, many, if not most of the distressed properties would end up in foreclosure or worse.More families would end up in bankruptcy, more vacancies would remain vacancies.  

I ended up with a couple awful tenants (criminal records, prior bankruptcies, etc.).

Hello BP forums,I'm gearing up to buy my first buy and hold property, and I've come across a nice house that is in Chapter 7 bankruptcy.

As it turned out, for me, it was buried in the Lehman Bankruptcy.

you should try to get them to agree to a deed in lieu it is much faster and a lot of banks do this and pay people to move out or relocate because they know 2k right now is cheaper than 5-10k to foreclose and more than 1 year sometimes. hell I had a foreclosure personally that the bank took 2 years on because it was tied up in bankruptcy court and they are protected if they declare 

When you are dealing with direct-to-seller acquisitions, problems are everywhere: divorce, death, bankruptcy, illness, layoffs.

Please I am seeking direct mailing marketing material including letters and/or templates and processes on how to find prospective sellers aka finding deals through targeting out of state owners, quit claim deeds (estates), pre-foreclosures, multi-family properties, vacant and abandoned houses, dream home, get the deed, zip code mailer, attorneys (bankruptcy, family, divorce and estate), military transfers and expired listings. 

I need a bankruptcy ch7 removed.

If the loan is owned by a fund (For example our fund buys defaulted mortgages), then we are more apt to do a workout than a traditional lender, but its a restructuring of the loan.For the borrower, their best bet is to file bankruptcy.

@Robert Howard,I think the advantage to Brandon's strategy is that it uses something other than student loans which cannot be discharged in a bankruptcy.