@Chris Seveney no doubt will be able to pull copies of the filed lawsuits and that should shed some light on this as there should be exhibits that show the actual notes.

I'm a licensed Realtor in Northeast Georgia and can shed some light based on my experience.Sponsoring Broker for Part-Time Realtors:Yes, in Georgia, you need to affiliate with a broker to activate your license after passing the licensing exam.

Hey Joshua,I'm currently in the throws of a development project in Brooklyn, and the $300 a sf model is a little light, especially if you plan on decent finishes. 

Based on the local market, $15k for renovations seems light—have you had contractors confirm this budget? 

Lastly the real estate agencies and FTC and state AG's are really starting in earnest to finally crack down on Wholesaling the latest article on We BUY ugly HOUSES brought it to light in a big way..

If the prices work where you are, I think with your experience, you could go right into a four-plex and do fine, especially if it was light to moderate value-add because of your knowledge and connections.

This decision was not made lightly and comes after thorough deliberation and analysis of our current financial position.This requires us to exercise our right to convert your Note and issue equity (aka membership interests) in Norada.

Motion for relief has been granted and green light to proceed with foreclosure.

Sadly the underwriting seems to have been an oversight in the areas you had mentioned, of course sponsors will always cast the brightest light on every situation but we and they must remember we aren't paying for their education but expect the experts to lead the investors thru experience and wisdom.

Maybe someone can shed light on agreements such as this.TIA This ultimately comes down to your relationship with the broker.