Updated about 5 years ago on .
Judgement vs Non-performing note
I found an excellent property with potential. The owner stopped paying in 2008 and the bank sought a judgement in court and not a foreclosure. They got the judgement in 2010 and nothing has happened since. The owner still lives there.
A. Why would the bank (Farmer's National Bank) pursue a seemingly worthless judgement and not a foreclosure?
B. How do I purchase this non-performing note/judgement from the bank?
I will mention the owner wants to sell but isn't willing to put much effort into it.