Funny the first reason to deny is illegal in residential, it's called red lining, refusing to lend in certain areas.

We live in interesting times.California Association of Realtors Issues Red Alert on Homeowner's Bill of Rights. http://www.car.org/governmentaffairs/getinvolved/redalert4/?

As an aside, the worst stains on vinyl were made by red candle wax dripping on the floor.

This is not legal advice.If you hold in an LLC with a personal guarantee then yes you would file bankruptcy chapter 7 in a personal name.The reason is if the corp is bankrupt they will then just come after you personally.After the bankruptcy laws changed in 2008 there is a bunch of red tape now and you generally have to pass the means test.In a chapter 7 you would either affirm or not affirm the debt.if you do not affirm the debt is wiped out.The lender can still take payments from you if you want to pay but are not required to after the chapter 7.The lender can just decide to foreclose and not work with you.You could see if you could short sale the properties.You would put a condition in the listing agreement that you do not agree to sell unless you get a waiver of deficiency letter from the bank prior to closing.Do not believe anything the bank says unless it is in writing.Also know that attorneys get paid to file BK so filing BK is not always the answer.Is your credit otherwise good or do you have a bunch of late payments already??

That sealed the deal. the thought of him getting it for even less made her see red, and she finally closed.I don't think all short sale sellers are in the best mindset and it looks like you got one of the ones in complete denial!

Normally I would of seen this as a red flag right away and would not of dealt with it.

This should be a big red flag the seller knows there's an issue.

However, being as its both on craigslist and a training program I am automatically raising red flags.

There are red flags galore. 1.

The past few courses of his own that he promotes (he promotes TONS of affiliate programs, that is always a red flag IMO), are basically re-hash of courses that an attorney out of the Philadelphia area had already done, with the claim that his spouse assisted in authoring these in some cases.