If they lose on REOs, they'll make up for it somewhere else.

Now if you lose your job or something and have to move out for an unplanned reason, that is different. 

This keeps people better engaged as they now have something to win or lose based on their performance.

also if they redeem they owe you what you paid plus statory interest which i think is 9%.. but you do any work past winterizing and you lose those improvements.

https://www.forbes.com/sites/lawrencelight/2018/10/18/new-investment-trap-tapping-your-retirement-accounts-for-real-estate-investing/

In my experience the brokers on auction website are just listed because the site needs a local broker.

The person who placed them showed up on this site to complain.

., with respect, New York State has a Unified Judicial system site:  https://iapps.courts.state.ny.us/webcivilLocalL/T cases are always available and can be searched by plaintiff or defendant, searchable by county and other criteria. 

Depending on the state you are in a HELOC is a full recourse loan which means that if you fail and lose your home, they can go after you for any losses.

Thanks to all who contribute to the site and I look forward to chatting with you all now that I’ve entered the posting world.