Plaintiff and defendant are giving information under oath in a court of law and can put in jail if they falsify or manipulate documents and misrepresent the truth to the court.If you did receive this notice then did you respond in a timely manner?

These "wholesalers" can defend the practice...but the truth is many homeowners are victimized by these operators.

Are you trying to collect or defend against collections?

Obstructing any foreclosure process as a third party could put you in a position to defend yourself under federal laws pertaining such matters.

small items that are 'questionable' in regards to wear and tear - suck it up I go by this metric - If the tenant pushes back and you end up in court, would you want to defend your itemized list proudly in front of a judge and strangers?

A simple mistake in your LLC and your protection is out the window.By the way if somebody wants to sue you they are going to do it regardless of how you hold title and you will have to pay to defend yourself either way.

Her take is the insurance company will work a lot harder defending a $3,000,000 claim than a $500,000 claim.I looked into the issue of what protections S Corps and LLC provide, when I bought a business, something happened, the prior owners were sued personally as well as their S Corp.

I keep defending wholesalers on the boards, but I do have to admit, most wholesalers are a pain in the ***!

In my experience one in a hundred is a major problem with either physical issues or you wind up stuck in the middle of a lawsuit between the foreclosed former owner and their lender (I spent over $170K defending one of these).  

Insurance mostly provides payment of legal expenses to defend you.