Here are a few for the list that come to mind:-Failure to check that Broker’s representation of nature and condition of collateral is correct;-Failure to catch that Borrower is substantially overpaying for property;-Failure to verify that Borrower statement of business purpose of loan is inaccurate (loan in reality is for personal, household or family purposes) making loan subject to consumer protection laws and disclosure;-Failure to verify that insurance is sufficient and the type of policy that covers lender as insured for loss; or policy lapses after funding and servicer does not catch it;-Failure to verify that broker or arranger is properly licensed such that lender exemption from usury is invalidated;-Failure to monitor and require borrower to keep property taxes current;-Title company e-mail gets “hacked” and you wire funds based on fraudulent e-mail-Not understanding the limitations on your options and problems that come up with "fractional" (multi-lender) loans when they go into default-And here is one for the books that actually happened:: arranger comes into possession of notary stamp and commits identity theft by convincing lender, brokers, escrow and title that she is the person who’s identity has been stolen.

I can understand that because of how the divorce was written, the ex-wife could not initiate a sale of the house while the husband maintained possession of it. 

Attorney advised first stop after note possession is to call and make sure tax sale isn't looming.

Maybe you just take over the LLC and nothing changes from a tax perspective because the house doesn't change possession, the LLC just changes membership.

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Understand: in our litigious society you can not only lose your properties you can lose your personal possessions including your home, banks accounts, vehicles, etc.Insurance only covers so much.

My attorney states if this doesn't work, then we'll just have to an adverse possession. 

Right of possession or access if occupied immediately7.

I had one unit empty at possession that the property management had listed at $625.

Brother in law to sellerSolution: Get written release of interest in propertyGrandchildren (minors) to sellerSolution: Get their guardian to release their interest in property Current occupants Ensure they cannot begin adverse possession claimIf so, put them on notice Leave as-is until clear title and sign lease/evict upon conveyance of title to me.File a memorandum of contract to stake my claim on title@Ralph R.