Your attorney should be able to note all the details surrounding this event, and let you know if you have a good case/stance to sue or not.  

They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.

Event with all that the sale prices have been over the list price on average close to 1.5% over, which would seem a bit counter.If rates end up dropping a decent amount at all the prices could rocket even with inventory growing again. 

Would it be advisable to move my LLC from Florida to Delaware also in the event I need to go to court to recover the loan would an llc in Delaware be better? 

I would definitely have some reserves saved up in the event that anything comes up. 

Agreed - wish the BP functionality was better on the events stuff - also would check out Meetup, facebook, eventbrite too

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

You can find them in the events forum tab and on places like Meetup dot com and your local REIA.

I also host monthly networking and educational real estate events! 

This is not really news or current events that would be of interest to most RE investors.