Now, although this is the case, most associations get to hold on to the unit just long enough for the mortgage company to begin the judicial foreclosure process and then they basically take it back and sell to whomever.

California in a general comparison trades ahead of most other states due to the larger property values and the backdrop of shorter non-judicial foreclosure timelines.

There are hybird LLCs, judicial proceedings have taken place all over the country and what is acceptable in one state may not be applicable in another.But my gut feeling as the question of keeping minutes seems to me to be ill advised allowing your company to be idle, just lay there expecting it to cover what ever you do.Consider that an LLC is a corporate structure, a corporate entity, as a hybird of more formal corporate entities.

Also, Zillow gives you two different figures for sold homes: the actual "sold for" price which is pulled from public record, and their "Zestimate," which is the website's estimation of the home's value, which may or may not be even close to accurate, depending on a few factors.From what I understand, Zillow uses a complicated formula to determine value, using things like recently sold comparables, bedrooms, bathrooms, and square footage.

Then in 2005, I had a deal that was so complicated and had so many issues and the spread was so huge ($150K+) that I borrowed hard money for 90 days and closed on the deal.

Buy/sell decision part needs to be included.Here (2) is more complicated.

In the case of a judicial foreclosure it would be the date of the court order.

Just the way you communicate with a borrower is governed by laws.Foreclosure is complicated and a long and costly process.Real estate finance is very complex.Reliable valuations cannot be derived from the Internet.Finance laws are very complex.

this is a JUDICIAL Proceeding...

BTW, unfinished homes are issues for lenders too, so borrowering money against this also just became more complicated.