This is to identify how vigorously the borrowers / defendants are contesting / fighting the foreclosure action.

Did a record search and found no liens, however there was a lawsuit made by the owner against the lenders/debt collectors, that was ruled in favor of the defendants and closed.

Again, I get your point but with the environment we are in today, that "thinking outside the box" could land you in court as a defendant in a discrimination, fair housing, EEOC, etc. lawsuit.

You might be liable, depending on how you advertise the property, what you disclosed and how, your contract and state law, and for sure you can get sued and you'll have to defend yourself ($$$). 

I also wanted to add if that you bought your Investment with your Personal Name and used a Personal Mortgage, then transferred the title to an LLC but left the Mortgage exactly the way it is where you are personally liable for the Mortgage, it would seem that any competent Lawyer will pierce the LLC by claiming that the Investment property is just an Alter Ego of the Actual Owners because it pays an Mortgage that has been personally guaranteed by the actual Owner.Not only that, it can even be seen as Comingling funds as Company Funds pays a personal debt.I don't know the statistics, but I would love to see if there is any cases in which a Lawsuit of this nature was successfully defended in this way.To me, that's the only way I would rely on an LLC for Liability protection if I hold the Mortgage in my Personal name.Whatever way you think, the Business Owners Policy is your shield, NOT the LLC.

Always keep in mind that the appraiser needs to be able to defend their opinion with actual data (USPAP regs), otherwise they cannot usually make an adjustment.

Let me start be looking at what you mean by ‘heading into foreclosure’Foreclosure proceedings begin with the filing of a civil action complaint, the recording of a Lis Pendens in the public records and the issuance of a summons to each defendant in the case, including the homeowner.

John, please know this:  you don't have to defend what you did or didn't do. 

The first instance I saw negative reviews about the company I have built my company on the back of, of course, I will jump to defend them.

It was struck down at every level, but it cost all of us a butt ton of money to defend.