A lender is not able to sue you for any deficiency judgement.

Different states have different laws and timelines on different issues and an owner can be left with a judgement against them if they misunderstood or were not aware of the law governing their rental property.

Not trying to be judgemental.

They are slightly more expensive but had heard more good things about them.Early days yet for me so I'll reserve judgement.

Apparently the previous owner was in court a lot because there are a lot of court fee liens on the property, and a civil court judgement.

The bid starts at $100 but it says theres a judgement for 200k.

Jeff your correct but like you said we only need a few properties to be ok.The thing is news like this can be used as a negotiating tool with potential sellers, most people will read this article and not delve as deeply into it as you did.I mean think about it warren buffet doesn't buy when the market is hot he buys when blood's in the streets or so everyone is told to believe.A board like this were we can trade information about asset classes that are strong and will remain strong can be a great wealth builder and i'm in this game to win.Also you make the point that if something meets your criteria and you didn't bend over backwards to make it fit will still be a deal.I think there are very good information on this board about how to get a properties true value and work off those numbers so i doubt anyone on this board should get burned if they ask questions and don't go against their better judgement.

And if the seller does not, couldn't you file a claim and get a judgement?

In my experience, 95% of the time, the tenant doesn't show up, and you will receive a judgement by default.

He is fighting foreclosure has and an attorney .The absolute "final judgement" foreclosure date is imminent 6/5/2017.