And the fact that you knew but went along with it makes you just as guilty as the crooked loan officer and brokers so I say you got exactly what you deserve.

This will happen from time to time so you need to not feel guilty about this.

To be honest, investors in note funds should start demanding more - if I'm ever in a position to run a fund it'd have to be at least 2/20 or I'd feel guilty.  

Plead ignorance, state that you are fixing everything on the list and ask for 30 or 60 days to do it. 

I wonder if there is any downside to ordering a couple appraisals and pleading my caseMy one thought is they may be biased because it was just purchase for low 220s.

You can also have a special process server appointed in certain counties.Once they are served a preliminary hearing is set where they can plead all sorts of things.

But for the record, in my world, it is guilty until proven innocent, not the other way around.

To my suprise, he is in jail and pled guilty to a felony of stealing utilities.

Although it was a business for them I can remember my mom going over to rental property early in the morning a pleading with people to pay their rent so she could have enough to pay the mortgage on the rental property.

A manual background check service can add those records in for you so you know if that person didn't pay a parking ticket or was guilty of domestic abuse.