Always ask for the correct address of the property before you go and look at it and make sure it is the same address described in the settlement documents. 

The liability coverage on your condo HO6 policy will pay for your defense costs and settlements up to the policy limit if someone were to sue you for damages incurred inside your unit.

What are the obligations of a California SFH family of owners who rent the attic (which is one big finished bedroom with private bath) out to a single man who went missing the 2nd of the current month we now find out he was pulled out of his rental car and extradited from California to New York on a warrant out for his arrest for a DUI accident that happened 2 years ago.Details of the accident not that have a keen interest but for what its worth will share his story: victim, a retired man, who sustained a brain injury 2 yrs ago from that incident, has apparently taken the turn for the worst and decided to press new charges for new medical costs and decline in mobility/quality of life, stress, anxiety etc for the accident 2 yrs ago which insurance paid out but victim wants the settlement amount (175k) a second time over? 

At the settlement table, all the seller sees is cash.  

what credentials are need to do closing and settlements

Closing without a full settlement at a title company is generally a VERY bad idea.

Long Time Frame of 1-1.5 years: Purchase a blended pool of 7-9 Nonperforming Junior liens, and attempt to workout repayment, a settlement, or foreclose.  

I want to know how landlords would few a foreclosure versus a short sale, versus a credit card default or major settlement on several cards.  

Escrow should credit you, the buyer, from the seller's settlement funds at close of escrow.Make sure you get all collected fees, not just the security. 

The changes will merge the HUD-1 Settlement Statement, the Good Faith Estimate, and the Truth-in-Lending disclosure form into two new closing forms: a Loan Estimate and a Closing Disclosure.Expect delays with closings going forward!