I find it hard to imagine the real estate market will get hit as bad as it did before. 

Claim denied, no insurable interest of the policyholder (the LLC owns it, not John Doe)Truly mind boggling the bad law and insurance advice given on this forum.There is no free lunch.

@Russ Draper, I really don't believe that things are even remotely close to being as bad as they were in 2008.

An LLC is established by state statute, for federal taxes you'll be treated as a disregarded entity (if you're the sole member) or if you have multiple members you'd be treated as a partnership, or you can elect S or C corp treatment. 

@Alpesh Parmar@Chai XiongI am sorry you guys had a bad experience in Milwaukee!

And to your last sentence, I'm not sure there is a workaround to avoid mortgage lending rules, especially if your loan is to a borrower who is also occupying the home (given how sensitive the CFPB is with owner-occupied loans).Sorry for the segue...https://www.nolo.com/legal-encyclopedia/whats-the-...Abel the description above by Shiloh makes zero sense as you know.. a mortgage and DT are the same thing just different names basically and a note is either secured or NOT secured... can't be both  LOL  ugh BP sometimes some really bad info floats around here.

@Kole Kingslien - make sure you or your corporate entity are on the title, otherwise you will have no seasoning and when you go to refinance, the lender will treat it as a purchase.  

The seller's apprehension may be because he is housing more un-realated people than allowed or is treating the property as a multi-family when it is not.  

A 10% increase after a claim really isn't that bad.

And you're absolutely right, just because the mortgage may have been a bad deal does not make it fraudulent.