My lawyer friend who owned 30 rentals at one point told me the same thing.

If you are facing a hardship and getting close to going into foreclosure reach out to a Bankruptcy attorney.

I understand the state laws regarding wholesaling in NY are tricky, but is it worth it to spend the money to have lawyers review or draw up my contracts?

Assuming it's written in your management agreement somewhere that states the owners are current on all financial responsibilities related to the property, does anyone require them to actually provide a current mortgage statement, HOA payment record, taxes paid, etc..... at least at the time of the original management agreement signing.Recently had a new owner sign the agreement, only to find out after we had secured a new tenant for them, that they were in financial distress to say the least (inquiring about bankruptcy) .

Should I talk to a lawyer, Title Company?  

I've also heard some lawyers argue that having the deed in the LLC but the mortgage in your name pierces the corporate veil.  

In bankruptcy, he could get out of paying you but that comes with a steep cost for him. 

I'm sure the people that felt they were losing chances at money started crying, real estate brokers, stock brokers, business brokers, lawyers and they had their lobbyist go to work at various capitols passing laws to steer the money back to them. 

Hi, Can anyone recommend a real estate lawyer in Tucson? 

This is definitely making me rethink if it's a worthwhile gamble (especially considering the owner that is bey foreclosed on is supposedly a lawyer).