Again, I agree that the advice you've given is sound; I just was checking whether you actually did "practice what you preach" since I [mis]interpreted your interview statement to be that you did zero investing (other than managing what you already had).The bit about assumable loans is quite revealing; today, the more creative "Subject To" approach is the closest thing to that.We've already PM'd about the satisfaction you derive from being helpful here; I'm glad to be able to absorb some of that helpful advice.

I like Jesse's answer as it gives just a percentage and not a figure, which leads to interpretation.

I interpreted it differently.

They cannot interpret or write custom contracts.

If I interpret Jon's greeting correctly, I'll be seeing you on the Bulk REO forum...am not sure if just *mentioning* "bulk REOs" in our introduction here is considered discussion, Jon?

Ok, so I guess I interpretted the term FHA buyer incorrectly.

Definitely not as simple/easy as I interpreted from others.

Therefore the account where the monies went is also a part of the transaction and can be attached accordingly. especially if it is found that monies were used inapproiately or found monies were to travel through the account(s) of that person.This is even true in bankrupcy cases where money was suddenly found to travel through those accounts at a later time, even if it were from lottery winnings, they can be attached to repay inapproiately cancelled debts.As mentioned previously this is a very grey area and is subject to the interpretation of the courts for the final say.Anyone wishing to deal in the grey areas of the law of course are welcome to do so, but be prepared to have a court in one area decide one way while the courts in another area will decide in the other manner.

Yes, some staffer at some point back in 1990 and no one knew and if you knew anything about reading and interpreting an insurance policy you would know that things can be in an insurance policy for decades that people are unaware of.

That right there could be an issue contributing to the factors of this senate bill.Again, I am not a lawyer and can not possible understand how the wording of this bill would be interpreted by a judge in a court of law.