So, I guess it all boils down to not letting your excitement about wanting to buy a property cloud your judgement on what constitutes a good deal.

Obviously, I would do my DD and look further into it.I was able to find the judgement, which amounts to 127K.  

And don't worry no judgement on my part!!!

If I am looking at a fire damaged property that is listed at $19,000, and there is a $34,000 promissory judgement note due at closing, what does this mean? 

For clarity; Dismissed UD's do not go on anyone's records because there was no judgement.

This is a judgement call, depending on how good of a deal it is, and if you have the time to deal with the seller. maybe go in with lower offer or something.i would be very concerned if it took this long to fix code and inspection issues.

Now i'm looking over the divorce papers , i realized they were notarized by the court in February 2015 and the date of final judgement was in june 2015.  

That might include getting a deficiency judgement and working the collection from that angle.  

The closing title company needs him to complete a few forms to verify he doesn't have any liens, judgements, and to fund him. 

Hey @Will Dean -We price them out the same way the appraisers will - we use the sales comp and income approaches to generate two values and then we use our best judgement as to which number is most accurate.