That is why I've proposed that the investors out there try and come up with a viable solution or competitive solution to the MLS.

I’m not really sure why people make proposals like that….but they do.

Construction Items required in a Preliminary Package1.Project description (which includes number of units, proposed pricing of units, total costs, per plan costs, profits, proposed equity and proposed loan amount, any subordinated debt)2.Project cash flow3.Location map4.Cost breakdown 5.Market study - if available (an internal or third party study)6.Sequence list (including lot number, plan number, base price, proposed premiums) 7.Biography or resume of key management8.Authorization/Release for Business and Principal9.Borrower’s Certificate of Past Credit Relationships (attached)10.Banking references and two sub-contractor or supplier references (attached)11.List of all current projects (location, price range, size range, sales rate, JV partner, lender) (attached)12.Financial Statements for borrowing entity and guarantor(s) (attached)a)Current financial statements, indicate book value or market value basisb)Statements must accurately report all assets and all liabilities (include contingencies)c)Statements must be signed and datedd)Signed tax returns for past two years (please include all K1’s)13.Financial Statement Certification (attached)14.Tax Return Certification (attached)15.

There is indeed a law in many states against doing what you are proposing.

Thanks All Cash for your reply.When you say "slam ever nickle into rent" are you proposing I try to pay more than the actual mortgage payment?

This would require a judge to rule that your personal assets should also be at risk in the lawsuit, in addition to already finding the LLC guilty and proposing penalties in excess of the LLC's assets--two rulings against you instead of just one.

Biggerpro, so are the so called "alternatives" that we're proposing are sites/systems that compete with the MLS and not making the NAR private property public?

Get it all on paper and into a proposal.

I have direct contact with the administrations of Newark, Irvington, East Orange, Orange and Trenton, New Jersey where major developments are underway and being proposed.

Supposedly it will take a couple of months to clear up the issues and the current proposed buyer may not want to stick around.