Assuming that is correct a foreclosure is a judicial action so there should court records that are mostly public.Speculating...I suspect a deal was done for the note or the auction was called off by the lender.

You just need to know that there are sharks in the water and it takes a lot of money to do the job correctly.

Or,In the event A defaults on the loan the Trustee will (after the proper notices) conduct a Trustee's Sale (that's what foreclosures are called in Trust Deed states.So I'm not sure how you could (using the correct meanings of the words) have a "warranty deed to trustee".I'm not familiar with the term "land trust deed".

I heard that double closing you(the whole saler) have to bring money to the table. correct me if I m wrong.

Mike is correct if you realize what the law says and the costs of not following the law.John Corey

Could be a crack or previous work that wasn't done correctly.

Who do you think is going to be the evil landlord that failed to anticipate the situation correctly?

Taking him to small claims if he doesn’t correct the problem.

Appraisals on commercial buildings (multis) will include all three appraisal methods: comps, income method; and construction cost (not the correct terminology).

If that is so, would I be correct that a multi-member LLC could loan on deals that either exceed the capacity of an individual member and/or allow the members to spread the risk across more deals?