And, the cost of the foreclosure gets tacked onto what's owed, and that can be over $10K.You may be able to get in like with other creditors to get paid out of the bankruptcy proceedings.

If you had a tenant that was upfront about their situation, eviction in 1997and recent bankruptcy that was discharged.Would you still consider leasing to him?

Being that I have had great tenants who were in the bankruptcy camp, I am having a hard time knowing when to take a chance and when not to.Pros: applicant has steady military income, 4x rent amount, has resided in 2 prior residences for 3 years at each in different states, prior landlords state no notices ever served, always paid on time, would rent to them again.

Also, how do you protect yourself if the seller decides to file for bankruptcy down the line?

We know that no matter what we do you will not pay us anything because we know of your bankruptcy issues.

I've been mainly buying REO, SS, and bankruptcy court properties.I did my first deal with a wholesaler recently.

What it is saying is that the current lenders failed to do their due diligence before approaching the bankruptcy court.

This will also keep your father involved in the event of foreclosure, bankruptcy or conveyance issues.

And personally, I avoid sales pitch bs and useless guru-speak filler text like "bankruptcy, foreclosure, divorce".

I also was wondering how many were planning on attending the bankruptcy mtg on July 9, 2008.Fellow investor