We are the only management company in West Michigan offering this service and collecting money on outstanding judgement for our owners and other management companies.

All payments made by Tenant to Landlordafter the tenancy commences, no matter how designated by Tenant, will beapplied as follows: first, to any outstanding amounts due for damages/repairs,utilities etc.; second, to any outstanding service charges or fees from priormonths; third, to any rent outstanding from prior months; fourth, to anyservice charges or fees due in the current month; and lastly to the currentmonth’s rent."

As mentioned above, theses markets are small and pretty steady, so inventory, for the most part, moves.A borrower in such a jurisdiction, realizing s/he is headed toward sale of her/his property, has no real motivation to move the property first using a wholesaler - unless they are certain the property will sell for more than what is owed - as they remain obligated for the entire outstanding balance of the mortgage (unlike in Judicial Foreclosure, where the lender seizes the property in exchange for release from the obligations of the mortgage).

Just make damned sure this deal is a deal.

I point out the driver, and he says "Damn, I never saw that one before" Now we start laughing and he bums a smoke from me.

4br 2.5 bath. 1860 sf built in 1994 listed at 284kneeds roof and new siding(hardie plank) most likelylisted on zillow at 300k and i know zillow can vary form rgion to region but where I live, the zillow price is pretty damn accurate fom what ive seen. 

If the water and garbage is not paid along with their rent, then their rent will be applied to any outstanding bills owed to you.  

You're damned if you do and damned if you don't.

Get the seller to allow you to talk to the bank on their behalf, and see if the bank will take less than the outstanding loan balance.

You can use the line of credit for the first 15 and then whatever you have outstanding needs to be paid back over the next 10 years.