I would think this only makes sense if you have a lot of cash and wish to immunize currency risk.

It appears that no bank whatever its size is immune, so hold on to your hat the ride is likely to get even bumpier.donrock

Those extra "cash value" dollars for whole life still get put to work in securities and/or other investments to immunize risk for the carrier.

Having your name on a deed immunizes a lot of this risk if you don't intend to sell, but buying a note does not yield (no pun intended) this luxury.

While pointing out deficiences will usually get other sellers to take notice, these sellers are immune to claims arisding out of such matters, so it has to be known to all to make a difference to them, IMO.

However, REO sellers and their listing agents seem to be immune from this rule, so even if they do know something is up with the property, they most likely will not disclose it, even if they should.

I copied the relevant section from Ohio law below For purposes of the immunity created by division (B)(1) of this section, reasonably necessary force to repel a trespasser from a building or other structure that is maintained as a permanent or temporary dwelling or to prevent a trespasser from making an unlawful entry into a building or other structure of that nature may include the taking of or attempting to take the trespasser’s life, or causing or attempting to cause physical harm or serious physical harm to the person of the trespasser, if the owner, lessee, or renter of real property or a member of the owner’s, lessee’s, or renter’s family who resides on the property has a reasonable good faith belief that the owner, lessee, or renter or a member of the owner’s, lessee’s, or renter’s family is in imminent danger of death or serious physical harm to person and that the only means to escape from the imminent danger is to use deadly force or other force that likely will cause physical harm or serious physical harm to the person of the trespasser, even if the owner, lessee, renter, or family member is mistaken as to the existence or imminence of the danger of death or serious physical harm to person.

No one takes anyone seriously because they are immune to the sky is falling arguments.

If there is a double-dip, some areas may be immune, I guess.

Don't follow my advice and think you're immune to these issues, suffer the possible consequences that face you as I have already.