. ;-)But frankly, his time is too valuable to argue with you and he isn't going to defend his expertise.

Thanks  Thanks Ahmet and agreed.Life is too short for negativity.It wouldn't be the first time we have bought a property back at the detriment to our company.Hopefully the last...We take full responsibility when it's ours to take and even when it isn't ours.Our preference is to not reveal dirty laundry and if pushed, we will have no choice other than to defend our reputation.It is my belief that all can be re-solved behind closed doors and for everyone to walk away with the least sour taste.Again, my apologies and I wish you both all the best in life and investing.

I am not paid to be here to defend them.

While a conveyance via WD may provide the possibility of the Grantee suing the Grantor for a breach of the warranties and thereby triggering the insurers obligation to defend the Grantor or pay the covered loss, it is not the same as the Grantee being insured under the existing policy. 

If you have been negligent in your risk management, your insurance company could deem your negligence "gross negligence", which means 1) They will not defend you, and 2) You may be on the hook for not only actual damages, but exemplary damages of up to 4X actual damages, depending on the state.Here are some claims we've heard of over the years in the Smokies:1.

The only exception(s) to this (if any) are the items reflected on theaccompanying Escrow Holdback Agreement, if applicable.Citizens is authorized to disburse the final draw in the amount of $________________ in accordancewith the executed Disbursement Authorization on file.It is understood that, in the event the Borrower(s) are dissatisfied in any way whatsoever with theremaining construction after completion by the General Contractor, their sole recourse is against theGeneral Contractor.Borrower(s) and General Contractor, jointly and severally, agree forever to fully protect, defend, andsave harmless Lender from and against any right, interest, claim, and each and every of them, ofBorrower(s) or General Contractor against the Lender, against all losses, costs, damages, and attorneyfees and expenses of every kind and nature which the Lender may suffer, expend, or incur under or byreason or in consequence of holding the remaining proceeds as provided herein."

If that doesn't cover the principal balance plus all accrued interest, exit fees, yield maintenance, prepayment penalties, default interest, advances made for unpaid property taxes and insurance (even forced placed insurance), advances on senior loans, foreclosure costs/fees, toxic waste cleanup, costs of resale, the list goes on and on...the lender can sue each and every one of you for the entire unpaid amount.The way this would likely play out, should the lender elect to enforce the personal guarantee, is they would file suit naming each partner as a defendant. 

Not going to spend a lot of time defending the location I invest in, because I feel like the proof is in the numbers....my "issues" and "bad tenants" are very far and few between.

I'm wondering how many just sent the deposit in to the person claiming to be the "owner".Here in the south you can sometimes (literally) get away with murder if you claim to be some type of reverend/ minister/man/woman of god/whatever which is exactly what this scammer was claiming.I report the ads to craigslist, they are pulled, only to show up again a few days later.

Some they literally could kill a tenant and you have to pay to defend them.