Perhaps the attorney is expanding this to declare your transaction a commercial transaction for whatever reason.  

It is recommended that management and the Board of Directors obtain legal advice following a foreclosure to ensure the association is collecting the most assessments that the law allows. so if you buy a condo on judicial sale you better start paying from day 1 ...even though you don't have a deed yet and the sale might still be vacated by the judge at the confirmation of sale if the judge thinks you bought it too cheap (it happened to me once )...oh well ...

The attorney told me the plaintiff's bid was so much lower than the FMV that the sale might be thrown out at the judge's confirmation hearing!

YOU WANT SOMEONE WHO IS IN COURT ALL THE TIME SEEING THE DIFFERENCE BETWEEN WHAT THE LAW IS AND WHAT THE JUDGES FEEL LIKE DOING.

The judge can then require the tenant to either pay the rent or move out immediately and if they don't do either, then you can get a marshall to come to their house within 3 days and physically make them move.

What you are wearing is what people will judge you off of first.

I'm sure I paid too much, but I held them long enough to profit, just lucky I did too.It was bungle in the jungle until I had a neighbor who was the local circuit court judge, his mentoring over the fence so to speak opened my eyes. 

Other outcomes would involve taking 3 to 5 years getting ownership cleared, paying attorney, taxes, insurance in the mean time, and finally getting possession of a property so deteriorated that its declared a dangerous building and leveled by the city government, resulting in a near total loss of all invested.  

Financing under D-F requires that:1. payments beyond the initial down payment that reduce an agreed sale price must be made;2. the property sold must secure the financing arrangement;3. if there is no security agreement and the lender has the ability to declare any default and terminate a sale agreement, that is a secured position in that property. 

If you have 50 employees and a separate management team, it should be fairly easy to convince a judge or jury that you and your business are very separate entities; but, if it's just you (or just you and a spouse), the line between you and your entity is going to be grey.