Quote from @Jonathan Klemm: Welcome back into the BP world @Dan Zambrano - I still love that you are sharing your journey here very helpful for others and vulnerable of yourself.There is still hope for a Q1 deal if you are aligned and focused....but if time doesn't permit, just keep going with the flow of life!

Here are some of the chargesBuying foreclosuresFalse & Misleading StatementsUsing Invalid ContractsExploitation of Vulnerable AdultsBankruptcy FraudProbate Court FraudTitle FraudUnlawful EvictionViolation of Consumer Fraud ActViolation of Consumer Fraud Act RecruitingViolation of Consumer Fraud Act OmissionsViolation of Consumer Fraud Void ContractsViolation of Consumer Fraud Foreclosure ConsultantsViolation of Consumer Fraud Unauthorized Practice of LawRacketeering - Scheme or Artifice to DefraudRacketeering - ForgeryRacketeering – Illegally Conducting an EnterpriseAlter EgoLis PendensAll parties are assumed innocent until proven guilty in a court of law I am sure if you searched some of my prior posts I have been warning people about approaching people in foreclosure claiming to "help them" by taking advantage of them, even if you were trying to do the right thing, it does not matter in many instances as you may be perceived of taking advantage of someone in distress.I would also bet a very large sum of money we are going to see more of this occur just like we did ten years ago with CFD's getting into legal hot water, especailly as market softens and foreclosures start to ramp back up.Here is link to a summary of article:Attorney General Mayes Sues Real Estate Operators and Title Companies for Defrauding Arizona Homeowners | Arizona Attorney GeneralSubTo, Subject To, Foreclosure Yep.

But questions remain about market vulnerability and community resistance to what some see as "hotel-ification" of neighborhoods.Read more about whether fractional ownership represents the future of vacation homes on the blog and then come back here to debate it. 

Kudos for doing the right thing because it was the right thing to do and helping a vulnerable family. 

Without the right safeguards, your hard-earned assets could be vulnerable.

Since we don't know what he told the seller, the seller's vulnerability status, or the previous history of the loan, there is no way for us to know which direction it would go in a legal confrontation.

But please be aware that (1) real property purchased using 100% leverage will almost always have net cash OUTFLOW on a monthly basis, be vulnerable to tenant loss, emergency repairs, and general deterioration.  

Without the right protections, your personal wealth could be vulnerable.

Without the right safeguards, your hard-earned assets could be vulnerable.

They not only make you less vulnerable to unexpected threats but also allow you to move forward with greater confidence.