If they don't maintain a website, you ask them how they update the public with foreclosure statuses.

I’m curious to hear from private real estate investors who’ve faced unexpected insurance claims and were protected by an umbrella insurance policy.We often see discussions whether investors should use an LLC or an umbrella insurance policy.

The public searches are pretty limited in scope for a true investor. 

I’d like to be protected if it takes longer than 60 days to sell a spec.

An LLC is useful for two things: anonymity and legal protection.

It could provide the belief that an unpermitted unit built next month will get protected.  

An LLC is useful for two things: anonymity and legal protection.

Include an exit strategy, tax planning, and insurance to protect both parties.

How can I best protect the seller as well as myself?

@Shuvrajit Mukherjee - You have to be able to scrape that data from some where pretty easy...a lot of that property specific info is public record.There is a website called chicago cityscape...I am decent friends with the founder....it is sourcing a ton of data that might help.