I will of course get a judgement against tenant #2 if they don't pay the $500 but chances of collecting are not great.

I don't know if my judgement from JP court still stands?

Wholesaling which arguably takes some of the most skill, judgement, and skillset, is seen as an easy way into the whole game.  

Though you forfeit rent you didn't collect because you didn't file a judgement.  

Can someone fully explain how a final judgement amount works at a foreclosure auction?

That's what you can get in a judgement. 3.

Most seem thoroughly convinced that the bank is going to come to their rescue and strike a deal.I understand the denial that’s going on, but how likely is it that a bank will still do a loan mod if a judgement is filed?

That way, if she does agree to the early move out, she should have the added motivation to scoot before the hearing gets scheduled and official judgement is handed down.

Money the landlords never got back because the tenants declared bankruptcy shortly after and became judgement-proof. 

I suppose we all have to make our own judgements at this point, but there seem to be more items out there tilting us toward recession than not.