The qualification acknowledgment form should list your qualification requirements (ex:  no bankruptcy, income requirements, minimum credit score, etc...).

Owners were going into bankruptcy so we stole it.

In fact many of them have multiple bankruptcies.  2.

The rules for today are to find off market distressed assets or distressed situations e.g. divorce, bankruptcy, probate, partnership disputes, and compete for those assets.Alternatively, another avenue for higher yields is to look at other asset types such as office, industrial, mixed use, retail, or special purpose properties.

Same goes for bankruptcy or loans you personally guarantee. 

Big concerns are bankruptcies/repossessions/evictions and crimes against people/property.

Violation list, tax delinquent properties, bankruptcy properties, hotels motel receipts and have complex features as well.

I was called by the title company that there was a sale fail and the contract said and it assignable The seller had signed the sales docs and the buyer was another bank and they had filed bankruptcy that day.

The next several months were extremely stressful; the tenants left, I watched my bank account get lower by the day, and I spent every waking hour trying to figure out a solution. ...for weeks, I thought I was headed for bankruptcy, and I assumed the entire house would need to be razed (who would buy a house that has regular, unpreventable floods?).

Predicting bankruptcy crisis similar to last time is interesting.