I know people who have gotten involved in 2 lawsuits as a result of doing sandwich leases.

If the lender approved both, the seller would be likely be subject to damages in a lawsuit.

In a lawsuit, the residents of a condo building, or SHAREHOLDERS, can be liable and sacked with a small or very large "special assessment"I'd also watch out for any upcoming construction on the building, and any plans for construction around the building.

Yes you do own the property, but in a lawsuit, they can't go after your property since you still have a mortgage on it, only your personal assets.

Are in a Lawsuit of any kind?

What I would do is to Invite everybody to a small claims law suit party.

My wife and I direct it, but have no liabilities to lawsuits etc.

If you have a single-member LLC and somebody sues you, because the company is a single member entity, they may be able to attach the LLC as your personally owned property and thus make it and the real property subject to a lawsuit against your person.2.

Cuz they cancelled only to follow through with the inspection, they are mad (because of other things also) and threatening me with a lawsuit etc etc. if the purchase does not go through.

I would check with an attorney, but I am sure you can bring suit to the developer, but most importantly, be sure to slap the county with the same lawsuit, and if there is a HOA, slap them too.I have had this problem as well. from both sides. and usually it settles out of court and the developer just fixes it.