I'm not seeing an intentional preditory path so much as poor lending practices, advice and professional negligence perhaps that has resulted in your position.I suggest you get all of your documents, written notes of conversations, financial statements during the periods and copies of appraisals together and see a qualified attorney.And again, don't play like you don't understand but rather that you were led through the process as a requirement by your bank to restructure your loans.

Are there any credit specialists out there who can give us a rough idea of how much impact say a year of on time payments would have on a persons credit score after they have been negligent?

If I just send them a notice, in case of fire (due to tenant's negligence to test the fire alarm), there will not be proof we took all preventative steps, since there's no signature.Suggestions?

Are there any credit specialists out there who can give us a rough idea of how much impact say a year of on time payments would have on a persons credit score after they have been negligent?

Ultimately, as long as you are well insured and are not negligent, you should be fine with either route.As an IL resident I personally prefer the LLC route because it makes me feel better and I use the Series LLC frequently.

Jon, Well, right, that was my initial reaction, too, that it was the daughter's negligence and she should be responsible for paying it.

And lots of money made in various frenzies is still sitting around.With interest rates negligibly low there's no value in waiting for the next boom.

There are two protections that many people think LLCs provide, which in fact they do not provide:First, the LLC is not going to provide liability protection from damages that result from your negligent behavior.

The needed repairs sound negligible and you could appeal to investors seeking rental units and primary buyers seeking new or affordable housing.

I had two lawyers look over the verbage of the CC&R and they say I have a strong case against the HOA for negligence and breach of contract for their failure to "maintain property insurance".