Would we all like for it to be less, yeah, I'd say yes to that as would many others too.I like to learn my lessons on the backs of others failures, struggles, challenges, and or constructive commentary.

I do think that the idea of taking a seller out of the underwriting picture unless qualified to do so is a good idea, because taking someone who 1. is not qualified who, 2. has a vested interest in the sale going through, and especially 3. where that note holder services the note and has again, a vested interest in the failure of the borrower to perform is nothing more than a fraud under the hat.

Rod Khleif calls his failures/mistakes "SEMINARS" because he always learns from them.  

She told me that I could not get out of that contract because I could get sued and that we had to proceed with the inspection that Friday.My long conversation with (buyer agent) tonight indicated that she never even passed on that information to her, the buyer and his team were under the impression that they were helping me by buying my house.I don't want to get into all of the details of the deceptive methods that (seller agent) used to hook me into this deal starting with painting (buyer agent) as someone who is heartless and/or does not answer her phone,It will be for a judge to decide what your agency owes me for emotional distress and deceptive tactics.You may find some details on the Internet at some point as well.I will never do business with (Agency) again and your superiors will explain to you where the failures occurred in time.

Failure is not an event.

Failure is not an event.

It was such a big component that I thought the foundation triangle(knowledge, hustle and money) is missing a big component and that is how I  came up with the idea Foundation Diamond as mentioned in one of the slides, where Mindset is one precondition to the other ones.2) Question#3: Maybe because it is my main priority as well and I am biased toward it but a lot of them take this luxury of time and freedom to spend quality time with their family; That was one of the recurrent theme across the interviews.Also I find they are philanthropists and I think it is refreshing; Once you are not struggling for yourself and are not anymore in "survival mode" asking yourself how you are going to pay the kids' tuition or your mortgage, going full steam in the "rat race" everyday without getting the head up, that is when you start looking after others more; When I say others, I mean beyond the family and a lot of them were involved in the community; It was not forced, but natural to give back; I read that once you reach the summit, you need to throw back the rope for the other ones climbing" and I think it applied there; we see so many crazy things in this world, it is good to see there is still some good in us.3) Their story and Question#4: The other take away is that there is no magic recipe for success and behind every success story, there is some good things and some bad ones such as struggles, fear, desperation, doubt, failures and the reality is not just as rosy as we could imagine for people who are financially free; Most have reached it to a price that not everybody is willing to pay. 

Essentially, any lawsuit brought by any party, even if it were a result of the PM's failure to act, will be your problem and you'll pay all the PM's litigation costs.

Liability is a big thing that a lot of people take lightly, but it is VERY important (I recently read an article about a deck failure where people were severely injured when a 2nd story deck collapsed.)

The moral is to learn to a point of failure, then ask tough questions when it is right outside the bounds of your current learning curve, and then implement and repeat.