For my first judicial sale purchase, I believe a made a sound purchase.

For my first judicial sale purchase, I believe a made a sound purchase.

Don’t complicate your plan.

It is a bit complicated.  

Here in Georgia we are 'non-judicial' meaning the bank does not have to go to court to foreclose.

Hey guys,As I get more serious about bigger (and more complicated) investment opportunities, I'm trying to figure out how to structure my team.

In response to @Jay Hinrichs comments regarding leasing the property prior to completion of the foreclosure:While the default rule is that the mortgagor has possession of the property until confirmation of the judicial sale, a mortgagee CAN rent the property prior to the end of the foreclosure, but will first need to be deemed a "mortgagee in possession."

If on the other hand you have no belief your are right or that the courts will not support you then a investor cuts his losses and pays the crook.It is a surprisingly simple decision complicated by a individuals lack of confidence or resolve. 

One out of 859 homes are still facing foreclosure even with the Silver State being a faster, non-judicial foreclosure state and having over $202 million in HHF.

I know it does A LOT of work for a free program, but it seems like in their efforts to make budgeting foolproof, they've over-complicated it.