Buying beat up properties that need work for large discounts, fixing them up, renting them out, refinancing them to get back cash put into the deal, and collecting cash flow (and hopefully, most likely, appreciation).It sounds like you are already familiar with these strategies, but I just wanted to clarify that you don't simply buy value, you create it.

All you are required to do is watch a few videos, take some notes, and then write letters: to the various Original Credit Agencies (OCA), like bank credit cards; Credit Agencies (CA) you have gotten collection letters from; to the big three credit reporting agencies (CRA), Experian, Equifax and TransUnion, who report what they receive from the OCAs and the CAs, whether accurate or not.Mike Roberts, founder of Credit Solutions, has a great free program designed to help you rebuild your credit.

If so, are you attempting to collect on the judgement after obtained?  

., to mold it in any form that works for all the parties.In the example set forth by @Dave Salcido, it allows a seller to collect a higher than normal payment from a resident because the resident gets more benefit.

Second question: I travel extensively for my full time job.

You live right there why would you pay someone else 10% to collect the money? 

BUt, knowing where they are doesn't help with collectibility any if they have no assets or credit to protect.  

Obtaining the quit claim deed as well could save them costs as w/the bk discharge they can't attempt to collect/contact if chp7 without a reaffirmation agreement.  

Even though the buyer bought the note at a discount they are still allowed in most cases to collect the full value. 

One for rent collection, one one for maintenance, and you can set up more for other reasons.