The financial crisis started in 2006 resulting in an upsurp of bankruptcies, these bankruptcies are slowly being removed from credit files as they disappear from credit reports after 7 years.

Properties here may be sold with back taxes but not often from my understanding with a couple investors that is where the due diligence before the auction comes in, the representative from the attorney's office stated within that 24hr window they make sure the homeowner doesn't file bankruptcy or any issues with the title don't occur upon transfer.Also shocking enough, this company buys at the auction maybe 3 times out the month but they are always pulling in multiple properties at a time.Knowing how this company does their deals, they ask for a walk through of the property.

It seems like Gorgia's foreclure law is much thougher than CA that's why more people choose Bankruptcies option.

Lets say I know someone that is in bankruptcy and wants to sell their house.

So, as a result, we've also got over 1,000 new foreclosures and bankruptcies every MONTH!

Only way out is bankruptcy, which is not easy.

In Indy, depending on whether you are looking for an investment or a home for yourself, you could buy quite a bit of home.For $250k, you could buy 6 or 7 cash flowing duplexes that would generate you about $2500k/mo in net cash flow.For $250k, you could get yourself a 3000-4000 sq ft home with 4 bd and 3bths and still have 10% equity if you take your time.Because of the nearly 1000 new foreclosures a month, 1000 new bankruptcy's a month and our market currently being 19% under value, we are a hot spot and in a great buyers market.

If they do not know what your lists consists of (absentees, NODs, bankruptcy etc), how are they going to sell it as?

You will have to wait till hotels go into bankruptcies if you want to find a good deal right now.  

So we had our chapter 7 bankruptcy discharged July 12th 2018.