Do we still need to spend a few hours at the recorders office if the Auction.com title information document show "No Bankruptcies", "No Liens", etc.

I tell them I don't want perfect credit or a certain credit score, I am looking for bankruptcies, repos, evictions.      3)   first month + one month security deposit - I make sure to explain why I think a security deposit (as opposed to a non refundable move in fee) is beneficial for both parties and everyone assures me they don't have a problem with a security depositPotential tenants A took an application and texted me the next day, asking if they could email it in.

I just graduated college and just have filled bankruptcy.

2) Assuming there are no other lien holders (not even a first mortgage), what happens if the property owner declares bankruptcy while I own the lien (a) prior to foreclosure proceedings, or (b) after foreclosure has been started?

hellothanks for the replys and help from everyone that posted, but i think you's guys probably mis-understood why i would need this info.first - not all deals with little or no equity are short sale frinendly, another words the homeowner first has to be behind in payments (normally 3 or more) which not all distressed homeowners fall in this category, second if they filed bankruptcy (which most of them have) most banks won't deal until its out of bankruptcy and etc, and others things like if the homeowner had PMI, or if they can still afford to make the payments and etcnow i'm interested in wholesaling (which i know is just and exit strategy), working with motivated sellers that actually have equity in their houses all ready. so thats why it benefits me to know how much equity they have and etc.exp: if they have a property that the ARV is $200,000 and it needs $10,000 in repairs, and i find out they owe $170,000, then i'll automatically know they won't sell to me at $120,000 which is were i want to purchase at to make a quick $10,000 or more assignment fee profitnow short sales are great i'm actually working on a couple, but their not as easy as the guru's make them out to be, some of the loss mit reps act like your taking something from them personally, which i thought they'll be so die hard to get these deals off their desk-------------plus its very time consuming so thats why i'm gonna look at short sales as a second tactic, and gonna focus working with people that are motivated and already have equity, and sometimes its not because the homeowner has lived in the property for like ever, it could still be a good deal for me because of what that properties ARV might be (because i know maybe 7 out 10 people in distress actually have little or no equity)so i hope all of this help you's guys to understand why knowing what the homeowner owes will benefit me, it'll help me put together my offers, or feel good submitting the ones i know they still walk away with something, one thing i do know for sure and thats 9 out 10 or 10 out 10 distressed homeowners will not come out of pocket at the closing just to sell you their house

Is there a problem if they go into bankruptcy down the road?

A bankruptcy can absolutely put a wrench in your plans.

Out of state landlords, vacant or abandoned homes and people in preforeclosure, bankruptcy and probate are good target sellers.

Rewind 6 years ago, I was divorced, declared bankruptcy (because of living the "american dream"), and had $75 to my name.

@Steven Sestir I am a true believer in second chances have seen soo many cases with low credit scores that are no fault to the person (bankruptcies, divorces, identify thefts, break ups, family issues..)