I think I am better off having the owner call the bank on the second to explain that she is trying to avoid bankruptcy but she can only come up with part of the money and see if they will bite

Why would anyone choose to have massive student loan debt that is difficult - if not impossible - to discharge if all hell breaks loose and you need to declare bankruptcy?

For every "I'm a 25 year old real estate multi-millionaire" there are dozens who fell down on a race to the top, have a bankruptcy on record, and have set themselves back 5-10 years. 

If you don't know how to read the report and what everything means, know how to question certain aspects, as well as how to get answers to those questions there's a good chance you will miss something all together, or at a minimum you will misinterpret something that could lead to a very simple yet highly cost mistake.Foreclosure situations will sometimes have a lot of title activity right around the auction date - so a report could be totally correct at the time it's issued - but say for example in the 45 minutes between the time you pick up the report from the printer to the time you bid and win, that person filed a bankruptcy. 

Well, after going through a bankruptcy, getting rid of $100k in consumer debt, spending 6 months in a homeless shelter in order to live for free while making serious financial shifts with our income in one of the most expensive areas (SF north bay), we finally did it!!!

I am a newer investor and just bought four in the last two years alone...Own between 5 and 10 residential properties, each with financing attached:Purchase : 25% down payment is required for 1-unit; 30 percent is required for 2-4 unitsRefinance : 30% equity is required for all property types (1-, 2-, 3-, or 4-unit)Minimum credit score must be 720There must not be any mortgage lates within the prior 12 months on any mortgageThere must be no bankruptcies or foreclosures in the prior 7 yearsThere must be 2 years of tax returns which rental income from all rental propertiesThere must be 6 months of PITI reserves on each of the financed properties

@Jeffrey Evans When I got started I also struggled with getting my wife on board I was in a different situation as I had lost my job and had to file for bankruptcy when I started.

There were stronger voices for communities that were facing a bankruptcy of their auto industry.

What is the best software out that compiles pre foreclosures, foreclosures, tax delinquent, bankruptcy, REO's ect.??

I.e. claiming transaction was a lease with option to buy.It should be noted that I filed a Chapter 13 Bankruptcy trying to keep the buyer in the house but the buyer refused to pay the Bankruptcy Court.