James got sued for his troubles and had to defend himself on his own dime over months of frivolous legal action brought out by Clayton Morris's legal team.I too believe it's time for things to change, and that some of that change should come from various regulatory agencies.

Using the listing agent is kind of like using the defendant’s attorney rather than have your own.

People defending what my son in law did are incorrect.

@Kelly McClellan  I am not defending Engelo  and sometimes if customer service is not what you expect then its NEXT.also since Chris has chimed in its well known in the industry that Chris's company is best in class with customer service.I think Engelo in his own way is trying to emulate that on the back end of these deals.

Seriously, I like to see people get the opportunity to defend themselves in forums like this where someone shares their perspective on why someone did something wrong and the other person is able to publicly represent themselves on a neutral forum.

If you were to get sued they will step in and defend their interest so if you have very little equity in the deal after a BRRRR then no lawyer will take the case from someone wanting to sue you if they see you have 20-30% of equity.

This thread continues to deliver with an influx of people not reading the thread, defending the OP and encouraging him... 

It was so cringe that I went from hating on whoelsellers myself to actually defending them just because this guy was such a tool. 

As you said, if you can show that it was sold at fair market value, then you should be able to defend yourself in an audit (should there be one, and probably if you are declaring a huge loss). 

Another person may say "good for you defending your property and winning that fist fight".