Also what is the process to buy a bankruptcy home?

Notably, there is often an unfortunate cycle where: (1) current ownership has financial struggles; (2) this requires the current ownership to fire sell or declare bankruptcy; (3) the development suffers as a result; (4) new ownership comes in and tries to fix it; and (5) the cycle repeats.

Santarelli allegedly purchased from a government auction from the bankruptcy trustee and relaunched online.

We continue to see slight upticks in defaulted loans and loans in bankruptcy.

No negative action however ridiculous was not stifled, instead it was declared the system need conform to facilitate there whims however ridiculous. 

But once you declare to be running a trade or business - then 1099s do come with the territory.If you really want to avoid 1099s and decide to claim to NOT be running a trade or business - be prepared to lose your business overhead deductions upon an IRS audit.

Lots of friends (owning competing businesses) had to go through Bankruptcy recently due to the small market shift that occurred, just bought at the peak and were too hopeful in the market continuing upward.

Code § 1701j–3 - Preemption of due-on-sale prohibitions(1)the term “due-on-sale clause” means a contract provision which authorizes a lender, at its option, to declare due and payable sums secured by the lender’s security instrument if all or any part of the property, or an interest therein, securing the real property loan is sold or transferred without the lender’s prior written consent; 

I can't help feeling like he's been stockpiling funds to eventually file bankruptcy even while he swears he's trying to straighten everyone out.

ThanksA property two doors down from one I own with an old house shoved in the rear of the lot sold for $650k in 2018, the developer that bought it built a new house in the front and had the old house declared an ADU.