I'm new to the real estate world and I attempted posting on here yesterday but I don't believe my first post was added.

We use a company that does all of that and attempts to collect.

If named in a lawsuit and found negligent, the court could force the sale of the property to attempt to acquire the $250K equity.

There are many different and often conflicting issues involved with the above scenario, but I will attempt to summarize some of them.The following is generally true in California, however local city and county jurisdictions often have their own take on how the process works. 

I am going to work things out with the JOB to attempt to drive down to Miami for that event. 

Don't be resigned to look at mortgage calculators online in an attempt to figure out a good path.

All,I've been extensively researching and attempting to find legit REI mentors, but I simply keep finding my way back to multiple guru discussions and doubts of legitimacy regarding the gurus (on top of massive fees to use their educational material and systems). 

Hi, one of my neighbors is in pre-foreclosure and I would like to attempt to help them save the effects of going into foreclosure.

@Ben Leybovich,What you described is more a deal that only the ill-advised would take on: a deal where the numbers don't work or where the person looking at the deal hasn't yet learned how to run the numbers and make sure they work before attempting to move forward.In the case you describe, a "PIG" is a Poor Investment Gamble.As I understood @Leon Chappell's question, a "pig" is more like a home I looked at a couple weeks ago: not updated since the 1970's, pink, green and yellow bathroom tile and fixtures, each color in a separate bathroom or powder room, gas cooktop and oven still using pilot lights - the oven would probably slow-roast a sirloin tip roast in about 12 hours just from the pilot light alone, daylight was visible around the basement door to the backyard, ... that sort of thing.

There is an abundance of wholesalers in this market so the more people you know and how they operate will give you insight and strategies for which type of properties to attempt to get under an agreement