Here in Dallas we would have to get the lawyer to file an extension with the courts to give the buyer 90 days to repair the property to make it "livable."

But in general, yes, judicial simply means that the foreclosure is handled like a lawsuit, with both parties having certain rights and remedies, which they can assert through court proceedings.Usually borrowers don't try to fight the foreclosure, so the lender eventually gets the "final judgment" of foreclosure, after which the property is sold at auction (usually on the courthouse steps).

Then, you do not have to deal with any agents.Make sure to calculate and factor in all the costs on top of the winning bid, including:- Back Due Property Taxes- Rehab Costs- Municipal Liens- Past Due Utility Bills- HOA Liens- Mechanic Liens- Eviction Costs / Cash for Keys- Legal Fees- Court Fees- Transfer Taxes

He has insurance coverage for 10x more than his net worth, so I fail to see how an LLC (and the cost of maintaining it/them) provides any additional value here.Series LLCs have not been tested in court yet, so no telling how they will stand up in the event of a lawsuit.

I looked up court records for evictions, small claims, and to see if more were on probation.

I agree -- I believe these disclaimers saved my behind in VA, even though I've heard they are legally meaningless, as it may have stopped the tenant from suing in the first place, so no expensive court battle to start with, even though it was contributory negligence so I probably would have been okay.

I just want the calculations done properly so I'll be covered if I ever end up in court.

I have enough trouble just getting payoff amounts from them and getting them to release court cases.Now, if it was a smaller HOA without professional mgmt and collections, that would be worth a try.

They would have to move in court to take the deed if they want to actually "own the house".

The only contractor I've ever had to take to court I found on Service Magic.