The lender likely wouldn't be so motivated as the auction date approaches with the exception of not knowing if the borrower might still file bankruptcy and delay the sale and add to their cost of recovering the asset.

 I can think of a few risks off the top of my head:1) Owners could file Bankruptcy and tie you up for years in a payment plan.2) you really have to know good neighborhoods in Newark.some neighborhoods are great for strategy comma While others may be a disaster.3) There are many cases in Newark and other in the cities where houses become vacant, occupied by drug using squatters and eventually accidentally burn down.

You will be forced into bankruptcy and that will put you 20 years behind.Pay off your bad debts first, don't risk failure.

The house is a duplex and was bought due to a bankruptcy, so I got it super cheap. 

This same circumstance goes for Robert Allen he was worth more than Dave Ramsey and filed for bankruptcy around the same time. 

would you go after tax liens and bankruptcy lists?

I am unsure why (maybe because of bankruptcy) the state conservation comm. would have gotten the land but...

Events of insured losses, bankruptcy or payments not received after a certain date may play on who guarantees what, for how long, under what conditions and to what extent.

My mom and stepdad took the Dave Ramsey course after filing for bankruptcy, and their situation has really improved.

What generally happens when buying a note in bankruptcy?