There are no debtors in property management7.

Without knowing your specific situation, I cannot render appropriate advice, but speaking generally, if you are carrying credit card debt or have no emergency fund, you may consider applying some or all of these funds to one of those areas.Hope this helps.Ed

Will banks frown at the debt or will be seen as an asset that brings in revenue when I am ready to get my own home next year?

It could be because houses in that area are extremely expensive, credit problems, wanting more flexibility, an aversion to debt or home ownership or just who knows.

Do you want to do debt or equity?

If they respond I have reason to consider them honest and it allows them to tell me about the divorces, student loan debt or not credit at all, credit conditions I may accept.   

There is no debtor's prison, so ask your client how he expects to get paid.

I don't work out of CA and do not know the laws there (and hence what info may be available), but have you checked for a drivers license, vehicle titles, or done a debtor search through CA's UCC Connect?

Maybe it's the down payment on your next house, or maybe you'll use it pay down other debt, or maybe it's just a trip to Bermuda for you and the kids.Each day that goes by and your property doesn't sell, you start to wonder what's the problem... 

These banks will either want too much for their distressed debt or know that they can get top dollar taking the deal all the way through foreclosure.