Gives us default judgement so we can go in and start doing repairs, I really just wanted my money back.

We do have a judgement against the tenant over this.

What advice can you provide regarding the inspection process and how it affects your judgement on whether or not to move forward with a deal?

Should you run into legal issues a majority share vote of the LLC is needed to award a judgement.

Can the bank get a judgement which would require the bank accounts be emptied to pay the debt before the heirs can inherit?

This has been a big learning experience and we will be sending notice immediately from now on and not allowing excuses to cloud our judgement.

(Unless you can get a judgement for the amount you paid)

I checked liens at court house and there is a state tax lien for 10,000 from November and a judgement lien for $2800 from April 2011.

If HOA, the property may be in a super-priority lien jurisdiction where only a portion of the HOA lien has priority and the foreclosure of that lien does not extinguish any mortgages.A mortgage originated in 2006 would likely not mature until 2036... and if payments (principal, interest, taxes, insurance) had not been made for some time (especially on a neg-am loan), the current balance after escrow shortages and forced place insurance coverage could easily have mushroomed to $250k.Only the mortgagor (and the property itself) is responsible for satisfying the original mortgage debt... until a successor in interest acquires property subject to that mortgage, in which case it's still not the personal debt of the purchaser but simply attached to the property.Need more info here to be helpful.It was a HOA auction there was a judgement for 4911 that was never paid plus some outstanding dues (rumored to be 18k) but the HOA sent me info only asking for last 3 months of dues so farI have a ton of information on the property basically everything but any info on the current mortgage status (deed, original mortgage, mortgage assingment etc) I just don't want to post something that would be sensitive to the previous owner Until a successor in interest acquires property subject to that mortgageabout this section specifically, does that mean I could inherit the mortgage?

numerous liens & judgements!