What happens in your buyer becomes incapacitated, dies, takes bankruptcy, get sued, doesn't pay liens?

If the seller deeds it over and lets you take over payments, if they file bankruptcy the mortgage will have to listed in the bankrupcy.

Would something like no recent bankruptcy and no delinquent revolving credit/loan accounts be a better statement of expectations?

BTW, I also do not need a Real Estate License at this point, as I am not managing property for someone else, my company actually has the deed to the house - something to keep in mind.UNLESS Jamie files for Bankruptcy Protection Chapters 11 or 7 typically for a person.

What would happen if after you buy a NPN, the borrower decides to file for bankruptcy?

I have found that BP's resources are:CourthouseDirect.com Download digital copies of documents such as Deeds, Mortgages, Liens, Abstracts of Judgment, Releases and other county courthouse documents KnowX Provides property records & other public info including bankruptcies, liens, death records, and more.

Could an attorney take your estate to bankruptcy, sell the property and still stiff you friend.....you bet they could.

In response to your comment about Detroit it probably was not on the list because of the large amounts of recent aide, ongoing investment, and the bankruptcy being in midstream.

Bankruptcies can have additional issues.

I read a couple BP Podcasts and the advice I took from them where some good direct mail leads come from; divorce, absentee owners, estate sales, or bankruptcy.