She was told that the secondary lein holder held an auction a week prior to the auction where I got the house.

I have 5 SFRs for which I created an LLC for each (in my state, it's really a streamlined process - I went on the state's website and created each LLC, with 100% ownership being held by myself on each).

So, you're right, nobody held a guy to anyone's head to buy any of this crap - homes, cars, furniture, electronics, etc - on credit.

A commercial loan is going to demand more cash from me than a loan held in my name.

Quick insurance question for the experts:I'm acquiring a multifamily that is currently held in a trust.

RE sales licensees are held to a high "professional" standard and if anything goes wrong, you can be blamed as you are under a ton of disclosure laws and regulations.

If you have a portfolio held loan to a land contract, As your mortgage bank if they have that type of mortgage.

Say you had held this for five years.

The downside is I have my license, so I am held to different standard and must disclose I am an agent.

Be nice if we held people accountable but, that's not how it's done here.