I have not conducted a background yet.

I'd really like to chat with someone who has experience in conducting short sales.

FL and is always conducting real estate seminars on options.Good Day!

If there are no bids higher than the opening bid, the property will be purchased by the attorney conducting the sale, for the lender."

There are issues of self dealing that can apply if that new collateral is not as sufficient as the prior collateral and frankly, I doubt many brokers or investors address the issues as they are usually leaning toward conducting business in their own best interest.

It's plain and simple, he's conducting work within the scope of his company's business charter or operating agreement.

The most important factor is the time spent conducting business.

If there was a Hall of Fame for investors, Lonnie would probably be in it.It's too bad too that so many following this scheme did so as preditory dealers to the extent of having federal legsilation adopted to restrict the practice.I guess the best way to proceed is to make enough on your fist few deals, maybe sell the notes for cash and pay the fees to become a licensened mortgage originator and a dealer, otherwise you'll be limited to conducting business.BTW, Another similar "system" involves selling land, if it's zoned residential or can be used as residential raw land, it also falls under the SAFE Act.

J Scott - I agree with your statement and would be stupid to think that was not reality.I can only worry about how I conduct my business and try to give the best advice possible to other companies.

How do I represent myself to the bank when conducting a short sale?