If the sponsors had to provide for their own defense without the benefit of the property’s liability insurance, they’d be out of business pretty quickly.Personally, as an investor, this particular criteria wouldn’t be on my list at all, but your mileage may vary. 

But, I do foreclosure defense, so I'll be busy in a year.

@Frank Wong BA is not going to Zero,, BA is one if the primary’s govt defense contrcator .

Bailey, 460 Mass. 327 (2011)"[T]he Housing Court has jurisdiction to decide the validity of a challenge to a title, raised by a former homeowner as a defense to a summary process eviction action by a party acquiring the property pursuant to a foreclosure sale."

Assuming the Federal Tax Lien was subordinate to the mortgage being foreclosed and assuming the IRS was properly notified of the foreclosure and did not raise a successful defense to the foreclosure, the IRS has a 120 day right of redemption during which it can purchase the property. 

If the goverment line of defense does not hold and banks start to forclose it will take 12 to 18 months before we see these forclosures and buyer demand will soak up any distressed assets swiftly. 

I'm sure the defense will be they wanted to get the deal done for you and made a decision to get the closing completed because that was the only solution anyway.

I believe in the concepts of leveraging to build wealth following the ideas of Robert Kiyosaki, however, I also believe in good financial defense taught by Dave Ramsey through his baby steps program.  

I also have some inherited tenants the DO NOT like me (in my defense I'm sure they didn't like the previous landlord either) and when their leases are up they will not be asked to renew but until then I'm stuck with them. 

Start thinking a little defensive.