With insufficient liquidity to meet its obligations, WaMu was in an unsafe and unsound condition to transact business," the OTS said.Seattle-based Washington Mutual has about $307 billion of assets and $188 billion of deposits, regulators said.

Do they have any assets?

Contact an attorney that can dispute the foreclosure process giving you access to continue to short selling the prop w/ the bank and cash flowing that puppy with the homeowners authorization.

.* Get a sugar daddy that has liquid assets, say $500,000.* Have a C Corp with the Sugar Daddy.* $500,000 is placed in a small commercial bank as collateral (CD).* Business plan states that commercial bank will loan 80% of all purchases LTV (not purchase price).

If you have any other assets they are at risk.

So I'm reading 100 pages of mind numbing dribble creatively known as the "Troubled Asset Recovery Program"; aka, "TARP".

LLCs and Corporations are meant to sheild your other assets from lawsuits directed against the entity.

I am prior military, young man with no assets, no good credit to back me and no big savings account.

The asset managers are overworked and underbrained, these things take both patience and persistence!

I'm not a fan of selling any property, unless of course the gains outweigh the costs.I don't think that your LLC will benefit you financially EXCEPT, it puts a barrier between your personal assets and your investments in most cases.