Re: $250000 Judgement, Possible Rental?

If you were the judgment lien holder would you walk away from the $250,000 ?

You are thinking of taking it subject to with the intention of walking if the lien does foreclose.

You are betting on a solid 20 months of "Non-Eventful" rental, no vacancy, no maintenance, PERFECT everything.

Think about that for a bit.

Could you be charged with "Rent Scamming" ?

$150,000 in equity leaves you only $100,00 in the RED...and...eight years is a realtatively short time in real estate.

What is the property worth now ......and.....what will it be after TWO presidential elections ?

Is the RISK worth the REWARD ?