In determining whether the company is the alter ego of the individual, Ohio courts consider the following factors:(1) grossly inadequate capitalization, (2) failure to observe corporate formalities, (3) insolvency of the debtor corporation at the time the debt is incurred, (4) shareholders holding themselves out as personally liable for certain corporate obligations, (5) diversion of funds or other property of the company property for personal use, (6) absence of corporate records, and (7) the fact that the corporation was a mere facade for the operations of the dominant shareholder(s).The Ohio Supreme Court has recently revisited the Belvedere test in Dombroski v.

@Julian Buick  don't see this as much of any thing a underwater first followed by an underwater second.. that second has little to no value.. unless you were to judicial foreclose then get a judgment on the folks then that could be wiped out by chapter 7 ( I think ).at the end of the day seem like a lot of work with a lot of risk..

I invest in tax deed properties in Ohio, which has a slightly unusual system in that if you 'win' a property at auction, you only have to pay a deposit on the day (usually around 10%), and the full amount is not due until the sale is confirmed by the court (ohio is a judicial state), which is usually a few weeks later.This is sort of like having a property 'under contract', when you would normally go off and try to get funding for the rehab / a buyer etc.

This means I paid a little bit more for my membership in order to have a display booth at the networking events, along with the option to speak formally at those events.I took the wholesaling class that REIA offered last October and I have to say that it was an excellent use of my time and money.

The reality is this letter is a formality.

You could also think about writing a formal letter asking to meet with them to discuss the possibility of forming a referral network.

Furthermore,  the location of rooming house are usually tightly regulated.On top of that, conventional lenders tend to turn-away from rooming house, particularly in the environs of a university.Where you have kitchens in both the upper and lower unit and have fire-separated the ceiling of the lower unit have you formally separated them into a duplex (as a way to avoid an occupancy by-law)?

Since Texas is a non-judicial foreclosure state, we can't even find out a property is in default, until the auction notice is filed.  

The judicial order is written as a hearing, MOTION TO DETERMINE RENT.

Also, you have insurance, tax, loan servicing as well as equity being established that will put you into a judicial foreclosure under state laws.