We explained this scheme by banks to limit the amount of available for sale inventory as follows: "since the properties not entering the foreclosure pipeline are effectively kept out of inventory, even shadow inventory, and thus the distressed end market, the monthly drop in foreclosures has acted as a form of subsidy to the housing market, as month after month less inventory than otherwise should, enters the market....

This link might help explain why a judgment might not become a lien:http://www.nolo.com/legal-encyclopedia/real-estate-liens-jointly-owned-property.html

You may even want to offer to waive the finders fee on the first deal you find if the investor will agree to let you follow him or her through the process and for them to explain the process as it moves along.

Explaining to them that if they walk away, as millions of people have in the past, they will not be walking away without consequence - which is something that people in the past 5 years or so didn't have to worry about.

I do value my time very much, however as I explained to my dad I will need to learn the process.

expect to give tax returns, pay checks, bank statements, explain everything on your credit report, and much more.

Hey officer so and so, this is Clay, I agree to stop the mailers right now, but be aware that those letters people brought to you were mailed out in a batch of over 200 letters, so if after now you get more complaints, it's not that I kept mailing, it's that the letters from the original batch might still be circulating... so I covered my bases that way, then as I wrapped up the voicemail, told him to feel free to call me back and explain to me how I crossed the line.

I think @Dave Savage explained the 2% rule well.

They explained their building was leaking, weren’t getting along with their landlord (a family member of theirs), and were ready to move in immediately without any rehab.

@Joseph Furmansky , I have done several of these deals and am considering more, so let me explain my thoughts so you have an idea what other investors might think.First if they take their money and invest in bonds or notes or even the stock market, they are going to make a certain income, a 4% tax free municipal bond is pretty safe and has great tax advantages.Second they want their money back and a profit before they share their money.Third the more risk they take the more return they want.