If so, is there something that I need to file to IRS?

I get this but the provision also requires the LLC that holds the property to submit to the local jurisdiction wherever the Qi files.

These borrowers who, in reality, could not actually afford these mortgages and were not financially literate were crushed under the weight of all the debt and forced to file for bankruptcy, while the mortgage brokers and banks collected their fees.

Most of them now have some sister entity established so they can collect premiums and then file bankruptcy and leave when events occur.

The name you select may seem minor but it matters for bank paperwork, claims that are brought, lien filings, deed recordings etc.

1) Should I file the claim now to 'get in line' prior to knowing the extent of the damages?

Consult a CPA who knows what he is doing and file this:  Notice of Inconsistent Treatment I have done this several times for investors who got screwed by the GP. 

@Diyan Yap- It's an individual tax return, but I don't have a schedule L as part of my filed return.  

It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.

But if your not turning in 100 files a month which cost you money for all the copies they require.