Do that for 45 or so years and you tend to pick up a few things up.In my case, I decided to teach myself about politics, foreign affairs and economics.

.`(3) REPORT- Not later than the expiration of the 60-day period beginning on the date of the enactment of this section, the Board shall submit a report regarding the results of the study conducted under this subsection to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate.

So you are right she is not a victim but she was victimized by being placed in a circumstance that prevented her from doing what she had a history of doing and that is paying her bills.I kind of agree with you here, but the problem is who is responsible for stepping in and preventing her from conducting her personal financial affairs as she sees fit?

Unless you have a desire to assist in community affairs, this really isn't an area for investors who are profit driven.

When I asked my agent why it was going so cheap and why was the seller such a push over, he replied; "She's an elderly woman that is wanting to just put some of her affairs together before passing."

I am not versed in legal affairs or NY laws so do not know how to interpret this; should I go to the courthouse and pull the records to read?

Just some comments to flipper 101 as to that land contract transaction that went south.Well it does not surprise me since anybody can bind the other and to split the legal title with the seller and equitable title going to the vendee or buyer can lead to diasterous results on the title on the property if the buyer claims an equitable interest which he has..and getting a tenant out if he defaults can proves to be a nightmare and how he binded you by encumbering the property is unbelievable.If you suggest using an outside entity such as a trustee why not just use a land trust and get all the benefits of using that enitity and thus by the trustee holding bot the legal and equitable title called the doctrine of equitable conversion now you have a situation where not other party can take advantage of one another and you would all vote to your designated trustee on any and all affairs of the trust property due to it being a beneficiary directed trust so you must ALL be in agreement, sure avoids litigation and disputes and no one can circumvent you on your investment.I know that feeling of getting burned which is why I use land trusts in my investing since all parties are equally protected in any given transaction.We all made our mistakes in this business..that is for sure..

The second is to go to the CA Bureau of Consumer Affairs at http://www.dca.ca.gov/index.htmlThey're there to help.

Wholesaling is a pretty straight forward affair.

Check with your mayor's office, bureau of consumer affairs or something like that, or the state level too.