Your state law probably covers it...

Robert,You will be subject to the LLC laws in that state.

I just learned a lot in a law suit about 30 years ago.

I was hoping it was some magical brokering service that would somehow keep sellers offering seller financing in compliance with the very vague Safe Act and it's correlating laws in my state.

But who knows, immigrant laws are unpredictable and may change in the future.

I explain to my tenants what I am doing, and that I have to do it because it's what our agreement and the law dictates.

Fannie Mae, page 82 of their latest 10-Q says "...foreclosure levels were lower than what they otherwise would have been during the first nine months of 2011 due to delays in the processing of foreclosures caused by continuing foreclosure process issues encountered by our servicers, changes in state foreclosure laws, and new court rules and proceedings.

Well Brian ethics and what it entails is subjective on an individual basis.If you are an astute buyer it is not your job to protect the interests of the seller or school them.What constitutes a fair and equitable deal is in the eye of the beholder.The law and ethics are two very different things.

American Estate and Trust charges $150/yr for <25K, about $275/yr for 25K and above.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.