But the fact that 201 feels unsafe makes keeping 301 risky because if something similar happens again and somebody in 201 gets hurt you could be facing a negligence lawsuit now that you’ve been notified of the issue, if you fail to take action to resolve it.

A lawsuit can hold up an REO for a couple of years as it works it's way through the court system.Sometimes paperwork doesn't get properly filed and the bank has actually sold the property but just isn't showing up on the county records as such.It's rare these days but a small lender who understands that it makes sense to do some work on a house before putting it on the market.

Claiming that he has been putting up with noise, parking problems and other disturbances for three years, Rossi filed a lawsuit against the owners of the home, Matthew and Sarah Bassitt, who live in Bend, Oregon."

Thanks in advanceI think the judge's question in the lawsuit if grandma (or one of the kids) slipped on the stairs, grabbed the handrail which came apart from the wall and fell face first to the bottom of the stairs and broke their neck would be "Sir, was the hand rail firmly attached to a stud?" 

This is my first time posting here, and first time going through a lawsuit! 

Lawsuit waiting to happen. 

A lot of "fraud" lawsuits happen because people try to cut corners, don't understand the process or weren't clear about enough in their agreements.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

On many posts here at BP, I see advice- that if followed, would result in a slam dunk lawsuit for the other party. 

A lawsuit waiting to happen.