Typically it shows up to the lender when you make the change on your insurance policy and the insurance company sends them a notice.As far as your insurance policy, I would recommend that you get pricing on 1 million in liability coverage on your primary policy, typically it is not that much more than the 300K costs, I would definatley follow that up with a min. of 1 million on an umbrella, because the umbrella gives you secondary coverage on all your properties, your vehicles, your rec. vehicles, some business pursuits, and possibley even liable and slander if you have those endorsements on your primary policy.

The borrower does not have to vacate the home right now and she could still attempt to short sale the home to avoid a pursuit of deficiency.

Best of luck in pursuiting real estate!

However, if I were to speculate, I am guessing a suit naming 40 LLC's is trying to charge assets owned by the one guy and sounds like the pursuit of deficiency. 40 different LLC's are trying to be pierced by some creditor.

It's cool to see that you're not letting an unfortunate situation stop your pursuit of your goals.

More than adequate liability insurance is the 'advised' norm but the latter will not cover illegal action, the pursuit of voracious creditors or the many exclusions including ingesting Lead paint.We also record & file weekly minutes, as well as all resolutions regarding any new acquisition/dispositions etc

One huge program that had made over $100M in this pursuit was started by an entrepreneur who had admitted to me personally that he was never a real estate investor.

Startup business costs add to the value of the business directly; educational costs are costs that bring you to the point of being able to start the business.The US governement has student loans available for all sorts of educational pursuits, including a lot of junk programs with very small success rates.

As an investor who decided to pursue the license for my own purposes I decided also to work with investors primarily in in their pursuits.

With greed comes the greater likelihood that we'll harm others and even ourselves in pursuit of whatever the objective is.