You've already derailed this topic by alleging I "publicly admitted to mortgage fraud" - thanks.

He/his family will then figure out *their* problem (they will find the alleged receipt or get a refund of their money order and pay up, he'll borrow the money from someone, etc. or the m.o. might really turn up in the mail.

Several investors out here have filed a lawsuit for similar tactics. http://www.housingwire.com/2010/07/12/reo-investors-sue-for-losses-in-alleged-scamRegarding the original post, I own multifamily property in Ogden, and I am not very happy with the returns.

The income is very good and they allegedly have a great rental history.If the income and rental history check out, could this bankruptcy affect me in a negative way?

I wound up having an alleged friend help me with adding on a master suite (bigger bedroom, walk in closet, and full spa like master bathroom.)

(Where the processor found the owner and served him can be found in the case docket as well)  You will even be able to see what the bank alleges is owed so you can see if it is worth your trouble.

You allegedly get the protection of an LLC without the loan hassles of a commercial loan.

All:Been back and forth with an agent and we're allegedly at the final offer from the seller after we've gone back and forth a few rounds.

The properties were always intended to be a serious business, there is alleged liability protection, makes it clear to the IRS and vendors that you are a business and not a hobbyist, LLC has EIN so I can keep utilities etc out of my personal ssn.

Not saying that happened (unlike the approach taken by Mat), but the whole ordeal seemed ultra shady.And that's not mentioning anything about the shady arrangement you have with your local title company or the tactics allegedly employed by your various agents.