was reading a few of the articles on the collage admission scams a few of those caught are manning up and taking full responsibility others still in denial. 

LOL They don't have Frats but you could sell it to the college as an admissions building?

At any rate we've heard your point which by your own admission doesn't apply to the situation of the OP.

It’s not admissible under FNMA conforming guidelines.

By your own admission, this property isn't "that" distressed... which means it "is" distressed.  

Hey Matt, I view credit scores like SAT scores as they relate to the college admission process.

I see it as a lower cost of admission to the School of Hard Knocks.

At a minimum, for the next one, I think I will plan to meet with the real estate attorney in-person in his/her office instead of relying on email communications so I can get more detailed advice/dialogue, and it also sounds like we may need to find a new title company since the one we used was (at their admission) not experienced with private money lending details.

You can start getting familiar with the college now, check the admission rates, student size, what students are renting etc..

It is in this context that we should see the freeze on judicial foreclosures - it is not so much an admission of guilt as an awareness that perfection is the minimum standard for unpopular groups in a democracy that is out of control.