The contract itself can serve as the instrument in writing for the identification.  

The note needs to be non-recourse, as you are not allowed to put a personal guarantee on any debt-instrument for the IRA.  

It is no more complicated than this: All HOA litigation, other than for routine and administrative matters, funded with HOA resources and/or debt instruments requires a majority vote of approval by home owners.

````````````````````````````````````````````````````````````Garn St Germaine(d) Exemption of specified transfers or dispositions With respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may not exercise its option pursuant to a due-on-sale clause upon— (1) the creation of a lien or other encumbrance subordinate to the lender’s security instrument which does not relate to a transfer of rights of occupancy in the property; (2) the creation of a purchase money security interest for household appliances; (3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) the granting of a leasehold interest of three years or less not containing an option to purchase; (5) a transfer to a relative resulting from the death of a borrower; (6) a transfer where the spouse or children of the borrower become an owner of the property; (7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property; (8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or (9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

This will affect all the CRE sectors as well as single family rentals, but that's for another post.Another theme is that because of the extraordinary measures the Fed has taken (and as of yesterday is still afraid to undo) there is a lot of capital looking for yield, desperate for yield that they normally would be getting it from bonds and other debt instruments.

I often go to Corvallis to practice instrument approach's and the ILS to 17 goes right by this I always peek and think what could have been.I was up on Wed.. but we were solid IMC so not look that day but I know its there

(b) Notice of hearing shall be served in a manner authorized in subsection (a) upon:(1) Any person to whom the security interest instrument itself directs notice to be sent in case of default.(2) Any person obligated to repay the indebtedness against whom the holder thereof intends to assert liability therefor, and any such person not notified shall not be liable for any deficiency remaining after the sale.(3) Every record owner of the real estate whose interest is of record in the county where the real property is located at the time the notice of hearing is filed in that county.

I was and am instrumental in its creation but I don't own it, others do who support it with their time and talents.

I have been studying student loans as a financial instrument for almost six years and writing about them for some of that time.

There was a subject thread where BQ remoteness of the LLCs was discussed, and I know that you were instrumental in developing POL's format so thought you could comment there.