This is the kind of (capital has no cost) idiotic mentally that drove the former Soviet Union into bankruptcy.

Your retirement account is protected from bankruptcy and other legal actions.

I had a chapter 7 bankruptcy discharged in October.

That might be a year or longer away, depending on how long it takes them to file.I'm not sure why "that doesn't sound legal" - if the bank can get you to agree to pay more than the house is worth, especially after a bankruptcy, the have you in a serious pickle.

I submitted a low ball offer to the court - the property was in bankruptcy.

-The borrower cannot have any history of bankruptcy or foreclosure within the past seven years.

If you have plans or thoughts of filling up for bankruptcy.

Also, I had a Ch. 7 bankruptcy discharged not quite 2 years ago (nightmare deal wiped me out then), but credit is spotless since then.I would need at least some of the rehab money up front.

Sometimes it is in bankruptcy as well.

I charge above market rents to low-medium income people, many with past bankruptcies or evictions, and almost never have turnover and very rarely have a late fee.