But, besides, the stress of a lawsuit, if you win it, you will face the burden of having the judgement enforced.

We aren't necessarily concerned with exact, but averages to help us make a sound judgement.

@Erik Whiting we do not know the original poster's market so it is hard to make a judgement but in CA if you tried to stick to the 2% of purchase price rule you would never buy anything, it all depends on your local market and personal situation/ goals as to what constitutes a good deal.

However, use your judgement.

Just FYI: The seller gets nothing financially in the short sale transaction and thus the price to you does not affect them at all (unless the seller's agent negotiating the sale does not due their job right and allows a deficiency judgement against the homeowner.

That is were a good attorney is needed, especially for asset protection.For asset protection, you don't want to put all your eggs in the same basket as in case of judgement against your real estate property they will now have access to your other income.

Also, if there are judgements out there that go against the property, that is another issue.

You will need to use your judgement on the time it takes to get a property ready.

But, But, make sure you do your due diligence because if a lien owner is not mentioned in the judgement you own the lien.

Well that, sir, is a moral judgement.