That lawsuit is a claim for fraud, and that’s what fraud typically is...a misunderstanding and someone being “injured” and wanting to hold the other responsible for it.

Some of those carveouts include fraud and gross neglect. 

I highly discourage mortgage fraud.

This is simply to conceal & protect my identity.

Things like this often times come up:Karen Elaine Hanover, Who Vehemently Denied Pulling a $1.5 mil Fraud, Now Admits Guilt

A fully tenanted tri-plex, with $2,400/month in rent could be listed for 175,000 in Cleveland; with an identical property, with $2,100/month in rent could be listed for $90,000. 

If it wasn't a financial crime or fraud you can do wholesaling without much problem.

But it could be mortgage fraud if you don't get permission from your lender to this. 

I've been an environmental lawyer for over 35 years and have encountered only one home tank that exceeded $100K and that was an extraordinary situation where there was pressurized piping with a diesel tank and where the consultant committed fraud by over-excavating the site. most home heating oil tanks will range from $10K to $20K with costs approaching $50K-100K where groundwater is impacted and used for drinking purposes.   

That lawsuit is a claim for fraud, and that’s what fraud typically is...a misunderstanding and someone being “injured” and wanting to hold the other responsible for it.