If you fail to follow the rules, you may open your personal assets to a lawsuit.

Very much against our free market system, saving those feckless twits from themselves and their “of course we’ll get bailed out, we’re too big to fail” attitude. 

However, we faced a few unexpected challenges:A hailstorm damaged the roof while the property was under contract.The main water line to the property failed.

If everyone agreed with every law the courts would not be full of cases being tried where prosecutors fail to have their interpretation of law verified.   

I have a duplex with A/C units that are 20 years old and I may not like it, but I know they are going to fail.  

not sure about your experience but the second loan you got sounds like a great deal.most lenders really price by experience to get the really low rates very few will qualify for the best rates..Experience has more weight that fico in the HML world. 

So they failed to recheck the records may be?

If you fail to show up with the $95,000, you forfeit your $5,000 bid and the property would be auctioned off again.So your bidding money is at risk until you pay the balance.After you win the bid, there is a 10 day redemption period in Florida where the owner can more or less "claw back" the property by paying all the money that is owed to the lender that is foreclosing.  

@Justin Whitfield I wouldn’t invest in syndication right now because many of them are behind on payments and we’ve even seen some reports on the forums of some that have failed and taken over $200,000 of one investors money.

If you fail to follow the rules, you may open your personal assets to a lawsuit.