But, if you've signed a personal guarantee on the mortgage, then they're not shielded (at least up to the value of the mortgage) even if you've set up each LLC properly and run it like a business so the courts don't "Pierce the Corporate Veil".

It will fall off of one's credit report after a specific time limit as the credit reports cover a specific window of time.If the application asks if you ever had a bankruptcy you still have to answer yes as it does exist and court records will still be valid.I am not sure anyone can guarantee to take such items off a credit report if they are valid.

Although I've often gotten HUGE discounts on a house because an owner was either convinced that a roof was a much bigger deal than it actually is, and/or they didn't have the funds to tackle the job.Bad housing and roof pretty much means that potential buyers won't get out of their cars because the curb appeal is so bad!

It was tied up in bankruptcy court for years before being released to me.

I asked for a $500 cleaning credit because I intend to do some minor curb appeal work.I also offered an assignable master-lease agreement as a separate contract to rent the house for $300 a month.

In one of my classes we had a long discussion on this subject, you can imagine it was a current problem all over TX back then.IIRC the instructor in the class said something along the lines of the amount being made up from PMI (or MIP in the case of FHA loans) had been found by the courts to NOT be income as it was INSURANCE PROCEEDS for which the homeowner had paid the premiums.That is kind of the way I remember it, and it does make sense as they are insurance, and the homeowner did pay the premium.

Accept that at the court house you have to have the full value in cash.

Many FSBO transactions end up in court because of the lack of knowledge on real estate transacton.

The suit was thrown out of court but not before I had to hire a lawyer to defend myself.

For example, there was an older woman in eviction court the other day.