Same thing in bankruptcy court.

It had a significant amount of arrears, was heading for foreclosure and was told by a "guru" that the borrower had no chance of filing for another bankruptcy, but they were able to. 

Exhibit 4.4: Activity Log Business/Property:__________________ Year:____________ Complete the following by day:________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________Under penalties of perjury, I declare that I have examined the information contained on this worksheet, including attached worksheets and statements, and to the best of my knowledge and belief, it is true, correct and complete.__________________________________ ___________________ Signatures (both spouses, if married) DateReg. § 1.469-5T(f)(4) provides that reasonable means for proving hours may include a statement of services performed AND approximate hours based on appointment books, calendars, etc.

But declaring it WILL make people go under water REQUIRES depreciating home values over time.

Example - I purchased an automotive shop with all the equipment intact at a bankruptcy auction for $117,000.

Santarelli allegedly purchased from a government auction from the bankruptcy trustee and relaunched online.

thats pretty hard to recover from  This has bankruptcy written all over it.

Example if most of your assets is your house, you’re covered under threat of bankruptcy.  

I am very close to bankruptcy because of this.

It used to be 6 months from sale would be good enough (30 years ago).I could go hard money, but I would want to watch the pre-pay penalty, points and interest.I will most likely hold onto the property for 2 years as residence if I don't use hard money.You won’t be able to obtain a conventional 80% mortgage by having the seller carry the 20% balance without committing mortgage fraud - lenders will require the down payment from the borrower and require you to sign statement declaring that the source of the down payment is not borrowed funds.