wakefield,I'm still waiting for my attorney to give me a final opinion on the full impact of the legislation, but the section that troubles me (and most lenders I've spoken to) is the section that requires the buyer to "comply with all terms and conditions of the seller's mortgage."

I'm skeptical about this because I have no expertise with rehabbing properties, and, as Scott pointed out to me, the numbers are even more complicated and entail more risk than pledging my 401(k).So I am very uncertain as to how to proceed.

I also like to keep a majority of my capital liquid, due to future investments.It is uncertain of how long I will stay in Florida, I’m estimating 3-4 years.

I mean would you buy a stock or bond that is gonna cost you every month for some time and will go up in value, but to what extent is uncertain.

.-2012 due to new legislation the foreclosure supply was cut off therefore decreasing supply...combined with the hedge funds driving demand through the roof and over paying for properties....prices begin to surge...we saw 30% appreciation in most areas of the valley-2013 Q1 and Q2 demand remained strong and inventory was VERY low.

I agree with you that it's not appealing to legislators, but realistically, it's a matter of time until we see drastic changes.

McHenry, the guy who brought the original bill to the house floor, further complicated some things by requesting a repeal of the Title III rules in place of a new legislation to make it more feasible to comply with.

The original BMW law had a phase in of 4 years, the revised legislation extends that self support point for the Flood Program further out into the future.

If they did, they could argue that they we're entitled to the five (5) day right-of-rescission and use of the statutorily required equity purchase form.If uncertain, You can always email or call me (you've always been helpful in the past).

Also, recent legislation in CA requires big down payments when a trust deed investor, like yourself, is involved, and, you must be "suitable" for the investment.