InnoVest's Foreclosure Forum
Ward takes the stairs.

InnoVest Resource Management's

Foreclosure Forum


Discussion Board

"Hands-On" Training

Title Holding Trust

Annual Reunion

Speaking Schedule


Foreclosure Fundamentals

Code References

Recent Legislation

50 State Foreclosure Basics

Foreclosure Glossary

Foreclosure Statistics

75+ Yrs Interest Rates

Fillable Forms

Archived Articles

Dingbat Retirement Plan



Contact / Map | Priceline Tips

About Us



Innovest Resource Management BBB Business Review

$250000 Judgement, Possible Rental?

September 10, 2016 09:49AM
I came across a foreclosure in OC and they have a $250,000 judgement against the home. I understand that the property could not be sold without paying off the judgement, but am thinking of taking it subject to the existing mortgage. I would then rent out the property long term. I was wondering what is the likelihood of the judgement creditor foreclosing.

$18,000 Get the home current, pay the owners to move and transfer title.

$2100 Mortgage, Tax, Ins Payment

$2800 Rental, $900 Monthly Income.

$18,000/$900= 20 Months to break Even

There is $150,000 in equity, which would all go to the judgement, unless another 9 years pass by.

1) I was wondering what is the likelihood of the judgement creditor foreclosing?
2) Is this too risky?
Subject Author Views Posted

$250000 Judgement, Possible Rental?

notconor 1076 September 10, 2016 09:49AM

Re: $250000 Judgement, Possible Rental?

Bill H 814 September 11, 2016 12:25PM

Re: $250000 Judgement, Possible Rental?

MarkS 781 September 12, 2016 09:14AM

Re: $250000 Judgement, Possible Rental?

Bill H 739 September 12, 2016 07:07PM

Re: $250000 Judgement, Possible Rental?

Chops 633 December 29, 2016 01:24AM

Sorry, only registered users may post in this forum.

Click here to login

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2018, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455