While its active (The 13), debtor will need court/creditor/trustee approval and my history says they won't let you buy it directly but instead, will require it to be listed on MLS to expose the property to a broader buyer pool.

My question is on the refinance when you take the equality out of the property aren't you going more into debt or am I missing something here?  

Was it stuff like college debt or did they just refuse to pay? 

I am 20 years old and bought a new car last year not realizing at the time that it wasn’t the best idea because of the debt it has put me in. I am currently able to pay off the total balance but am having a hard time ...

I know you didn't ask and you may already know this and agree with me, but bankruptcy is a valid and great tool ( when one knows how to use it and how to optimize it's benefits ) for borrowers to research when it comes to discharging liabilities, unsecured or secured debt, or to avoid foreclosure through a repayment plan if their goal is home retention. 

If there are payments made by the oil company to the debtor would they then be transferred to me if I were to buy them? 

@Nicholas CookIt all comes down to finding the right combination (debt plus equity OR only debt OR only equity) where you and your investor are in complete agreement.

I have a good understanding of the rest of the process and don’t have any problems with the collateral portion of the loan, but I am concerned that my DTI could give me problems depending on how much rental income the will count/ what expenses they add to my debt or subtract from my income.

For example, I think we are late cycle, so I lean toward the safest part of capital stack which is debt (or debt free equity).

la=enIf the judgement debtors redeem the property I’m assuming I get my money back.I would love analysis on this auction in the morning and whether I should got try this.Thanks