But you will not be able to collect on the original loss, and now you wasted more money on the court costs and your time.That is why many people do not bother to file against deadbeats.However, if you win the judgement, you can follow the court rules and renew it, often every ten years. 

You never know about that perfect deal and everybody wins. 

We lost in a multiple offer bid but kept in touch with the listing agent and got an early notice when the winning bidder ended up backing out and we picked it up.

They make their money by selling your loan to the bank so it's a win-win for the borrower.

Win the Lottery

We'll win and they'll need to be out by noon the next day. 

They sue, win, place a lien on the property and then foreclosure.

Since finally making the concrete decision to pursue real estate 5 months ago, I have listened to 21 BiggerPockets podcasts, have finished rich dad poor dad, rich dad's cash flow quadrant, how to win friends and influence people, flip your future, the book on tax strategies for the savvy real estate investor (BP), the book on flipping houses (BP), and I'm just getting started on the book on estimating rehab costs (BP).

Win-win or forget it.  

Win the lottery.