I see lots of investment properties on the market in my area that are just sitting and when I researched them at the Court house I found out that they had the properties for 2-3 years and their mortgage(s) are at 100% of the price they paid for it and now they are trying to sell them for what they owe and no one is touching them because they are way over priced and not even close to cash flowing.Has anyone ever bought a property from a person that was in this situation?

If there is fraud and can prove it to the police, they will attach his assets and you would be entitled to restitution that would be ordered by a criminal court.

Also, I'd be a little afraid to remodel one year, put it in service another year and count that as two years since that court case states holding for investment is not a qualifier.

If there's damage, we're going to court and the judgment will get recorded against you.I expect the property to support the loan.

It may also not be valid if taken into court if there is a dispute.

Not sure it told me anything I didn't already know about my market but I can see this information being useful to someone who may be interested investing outside of their home court.

I have been to one court house steps auction.

He subsequently declared Chapter 7 Bankruptcy which will be finished within the month.

After the courts have issued a foreclosure by sale, how long is the process before it goes to auction?

since when can 3 (or more) consenting, informed and properly declared parties involved in legal enterprise be considered illegal in NC or any other state for that matter.based on this, is it illegal to assign contracts with unlicensed birddogs?