Banks are not required to fill out a property disclosure.They are selling "as-is".During due diligence a buyer has their "right to their own inquiry".Meaning if they want to spend the money to satisfy whatever report or inspection they want they can go ahead.If a listing agent only has one picture the inside is usually trashed or the agent is just lazy with the pictures.I like to give a overview of condition but say "information deemed reliable but not guaranteed".There is simply no way for a broker/agent to know all problems associated with a property.With my listings I want to be 100% transparent with the numbers and the condition I see.It makes no sense to blow smoke and then pray the buyer will overlook things.What happens is everyone's time is wasted and the buyer cancels the contract.You look bad to your seller and the buyer and have now lost 2 clients for future business.So give the information you know and be accurate as much as you can with the data.

I don't know the required degrees of separation, but I guarantee there is a way for the one reason that a company can be organized to be an entity itself, which is legally viewed as a person, that is why a company that is organized as it's own entity can fund politicians exactly the same as a person, because it is legally viewed as a person.

roy, I depends on the bank; however, here is what you are most likely to see:There will be a 1099 or 1099s issued in the year of the foreclosure.A 1099a will be issued and this will for the individual who guaranteed the note.

If not -- and if you don't want to go with HML or private funds -- you may be out of luck getting a loan in your business name.Remember though, even if you find someone to loan in the name of your business, you'll still likely have to personally guarantee the loan...

The action may have been brought in the name of BofA but owned/guaranteed by FNMA.

It would be IMPOSSIBLE to be able to entice someone to come in, put up the capital AND the risks that are associated with putting up a personal guarantee.

If you hit the 2% rule, it is practically a guarantee that you will have real cash flow.

Your mother may have to give a personal guarantee, but if the business is prosperous, this may not be necessary.

But, in many States, if you personally guarantee a loan, even after a house is foreclosed, you will still have to pay any losses the lender incurs if the house sells for less than the loan balance.

These would be harder to get, and expect to pay more in interest -- which is not tax deductible.Unless you are a large, well-established company, business lines of credit will probably require a personal guarantee by the owner.