Then I narrow that down and start to online at pictures and then liens/bankruptcy/EPA issues of my narrowed list.

In most of these instances the county would work with the borrower to put them on a payment plan, and if not the borrower would typically file bankruptcy to protect their interest in the property.You would also have to check state laws as in some states approaching borrowers who are delinquent on mortgages (and property taxes) can be considered predatory.In real estate the name of the game is control and in this instance it does not appear that you have any control unless I am misinterpreting this.

Do not forget to check for their online presence, reviews, and public data on disputes, complaints, lawsuits, or bankruptcies. 2.

In Brandon Turner's book, I read a part that says Brandon knows a couple who were successful initially, scaled, and the next thing he knows, they're filing for bankruptcy.

Obviously, all markets took a hit during the GFC but I'm not aware of many others that had to file bankruptcy in 2013.

Things are further complicated by bankruptcy, if your borrower leased the property or sold the property subject to your loan.

Things you must not do You must not;i) commit an act of bankruptcy; orii) fail to pay me on time any money you have to pay me under this contract; oriii) pay any repayment/s with a check, directdebit or other instrument that is subsequently dishonored by a bank; oriv) fail to comply with any condition of this loan contract; orv) make any material false or misleading representation.8.

They were told to seek a bankruptcy attorney but wanted to know if there are other ways in staying in their home even though they dont own it or get a little money from it. any suggestions what what options she may have?

I had to file bankruptcy.

Along with that should come a Servicing Correspondence/Call Log and Borrower Correspondence Letters such as payment demand letters and other communications.You will likely want to check for bankruptcy actions on behalf of the borrower.