If they are unable to get the amount your loan is for, are they by law authorized to come back after you for any kind of balance they might have lost in the sale of your home?

A discussion with them should give you some idea of the situation.If you need to talk to the bank, you will need an "authorization to release information" signed by them.

Rules, formulas, magic recipes are for an initial screening only, not the sole authority on the investment performance.Always make sure to dig deep into the numbers once the property has passed your screening tool.

Moya isn't registered to offer securities, but that is for the authorities to determine, not us.We were forced to go to the authorities and we are also going to be filing a civil suit against him, if only to make this matter public to spare others from the agony that we have had to endure.

Here's a note to all of you article authors . . . we've added a Free Real Estate Article Directory here at BiggerPockets, and I hope that you guys with quality work to share decide to share your articles.

Most families receiving this type of assistance stay in the rental for an average of nine years, plus the government sends you a check on the first of every month for full market value rent.† Check your local housing and development authority for opportunities in your area.† Many cities are offering incentives to investors interested in certain neighborhoods so check with your city planner, neighborhood associations, and government agencies in your area to find out what may be available to you.† As with any purchase these days make sure you buy the property at a low enough price that a temporary rent reduction will not eliminate your cash flow.Offer the property for rent for $500 a month more than you actually need and advertise that discounted rent available to qualified renters.† In this case you offer to reduce the rent $500 a month if they agree to take care of any problems with repair costs of $500 or less.

Can you tell me what exactly do you mean by: "lien from any governmental taxing authority" Can you give me an example for that lien?

If the math of the fair market rents justifies renting your own place, then get yourself and house #1 property qualified with your local housing authority before you go and dive into house #2.

> Management agreementHere is a good little tip...add a place for a SECOND contact person- outside of the owner's immediate family, that can authorize financial expenditures when the owner is unreachable.

What about the lenders and banks who authorized the lending practices that facilitated this?