I cant find anything one the DRE's web page. anyone know what this is or the name of it?

There is still a chance that you will need to start over, but in my experience telling them the buyer has walked prior to the approval letter is a guarantee that they will close the file.

Therefore a mortgage is not truly guaranteed at all or in totality, and is subject to risk in a bankruptcy or foreclosure action.# The private money investoror commercial hard money lender, knows that if another default occurs or forclosure occurs, it may not be suffiicient to repay the first lien holder and then his.

What about lead paint (guaranteed its there if these are pre 1978, but whats the condition)?

However, the VA, as you probably know, provides a gurantee not the loan and qualifying for the loan is another matter, even if the guarantee is there, the lender may not make it.

The kicker is that every member is personally guaranteed on the 60k loan to the bank.The question is this, if the LLC is sued by a tenant for whatever reason, for let's say for 500k in damages.

That is a guaranteed way to attract a bunch of "tire kickers" who just happen to be driving by and want to snoop around your property.

the taxing authorities are selling with no guarantees.

IMO, the bank wouldn't have given you much of a discount anyway, since FHA offers loss guarantees; the bank knows how much that would amount to, and won't want to sell for less before they hand it over to FHA.

If there's any problem with the title, you as the grantor of a warranty deed, guarantee (i.e., "warranty") the grantee against the problem.