Of course we filed a response to their request but if we did not have an attorney it could have been approvedYou won’t be able to foreclose while they are in ch 11 so definitely get an attorney to protect your interests

This structure helps ensure that if one property faces a lawsuit, the other properties and their income streams are protected.

I think my attorney is giving me a little more, like audit protection or some such.

In the same agreement we see that this protection period is only for 30 days- so that means on day 31 we can sell to a buyer that saw the property assuming we have a new agent/listing, correct?

How much more protection are you really going to get from combo lockset & deadbolt?

A lot of people think they are protected from lawsuits with an LLC.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

It protects against claims that would affect the buyer's ownership. 

Because you are self servicing your loans most are not legally compliant with consumer protection laws and CFPB requirements such as sending statements on a monthly basis that have all the language the CFPB requires as well as each state may have additional requirements for sending out just a simple statement.

However, in my case, you'll be thankful they are well drafted so that Attorney can then protect your capital through default and perhaps foreclosure.