You could structure the deal as interest only and pay $700 but that would be 5% interest, not that great for the note holder.

The process is simple and again........very effective.I am still studying the market for different industries and I would like to get feedback from judgment holders(creditors) to determine:(1) What method are you currently using to recover payments for your delinquent court ordered judgment?

Just encourage people to buy food/drinks there to support the business. 

In some counties you have to pay the taxes each subsequent year brefore you can foreclose - in some counties you don't but if there is an older lien, that lien holder can foreclose first.

The series of assignments of debt created must be with the seller/holder's consent, probably not hard to obtain but needs to be signed off on. 2.

Good afternoon,I am new to biggerpockets, been living in NY since December 2014 and have a growing interest in Real Estate Investing...I have seen some fixing and flipping in Florida from when i used to live there and i am looking to see if there is anyone in the NY area interested in mentoring me.I have experience procuring manufacturing of products in South America in the food industry, wood business and apparel manufacturing.

Food for thought.

Of course, I will point out what other's may have missed: you might have been a second (or even more junior) position lien holder with the first position lien holder foreclosing.

I discovered the immense potential of investing in real estate when through an internship with a small company that owned and operated section 8 housing apartment complexes across the country.Fast forward 2 years, and I have since graduated and moved to Kansas City, MO, the home to several things, including great food, the Chiefs, and a host of new investment opportunities.

I self manage so I also use a 10% place holder property management.