These penalties apply whether the defendant is the principal actor, attempted the offense, or conspired to commit fraud.

The costs are heavily run up by the borrower’s ability to take advantage of (1) judicial states foreclosure laws (2) bankruptcy laws (3) we as lenders having to pay taxes/insurance during borrower’s default (4) legal fees we pay to contest BK filings or other delay tactics (5) deterioration in property since loan origination.  

When filing jointly, if one spouse qualifies as a Real Estate Professional and materially participates, the rental activity as a whole can be treated as non-passive for the joint return.

"Developer" STEEVE RAYMOND who solicits investors on this website was exposed on the Chicago ABC News relating to numerous just FRAUD LAWSUITS filed against him by Chicago attorney Ana McNamara, Esq. for taking investor money for supposed building "Rehabs" BELOW IS THE LINK TO THE STORY:McNamara Legal McNamara Legal | Chicago IL

Quote from @James McGovern: Today I filed a complaint against an agent with the ombudsman process in Connecticut.

I need to e-record or file a memorandum, but I can't seem to find out how this is actually done.

Would the end result be return of principal?

.: Did you know that if you buy a $400,000 property . . .In a typically bank financing scenario you put down 20% or $80,000 and finance $320,000 for 30 years the Principal and Interest at 7% is $2,129 and over 30 years you pay $766,428 (the bank loves you)BUTif you take over a loan using a Wrap (Wrap To, it takes about $15,000 in costs) and take over the existing mortgage at 2.5% that was taken out 2 years ago your payment Principal and Interest is $1,264 ($865 a month less) and over the remaining 28 years pay $447,894 (you get to keep the difference)That's a savings of $318,534 Three times a Year!

Patience, I believe, may be the best practice to recover principal.

A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.