One of the collections agency is suing her for a portion of the debt and just opened the case on Nov 1.When I clicked on the "case history", it read1/24/2013 Suggestion of Bankruptcy, filed.Not knowing what this is, I looked that up and it said, "Suggestion of bankruptcy is a document filed with a court to put it on notice that the defendant in a pending lawsuit has filed a bankruptcy case."

We get a good property without the hassle of getting the loan.This works for me as I have plenty to do the down payment (or my portion of it) but cant' STAND the lending process.

Upon their signing, we released a portion of the funds we were withholding as a sign of good-faith.

Adjusting comparables to the subject property is the skill and art portion.

Obviously though, you already have a portion invested, which you would get credit for (or "pay yourself off").

Since moving in I have rented out a small portion of additional space and have to admit I am completely hooked.Most of my experience is in industrial and commercial real estate but this forum seems to be full of investors involved with residential.

This could be cost reduction if you do portions of your renovations yourself.

With you posting only a portion of the text I'm reluctant to say definitively what it means.However, there are many states that the tax deed auction or tax lien foreclosure does wipe out mortgages and some other liens.

Some specific items- owner's title policy - basically a guarantee on the deed you give the buyer- title company fees - a plethora of fees the title company charges for doing their job- recording fees - fees the county charges for recording various documents- pro rated taxes - because taxes are typically due the year after they're incurred (i.e, in the spring of 2013, or maybe the very end of 2012 you will pay taxes for all of 2012), you will have to pay the portion of taxes for the year to date of the sale.

,That prorated portion of rent is considered rent received on your tax return.