LOL, Jon....I looked forward to every federal holiday as the courthouse was closed as well as the banks, so I closed since nothing could be filed.

By contributing that money, it was not counted as taxable income by your state or the federal government likely earning you an instant return on that money of around 35%.

I'm thinking of after looking at the property, of making an offer of $13-14,000 with an Earnest money deposit of $5,000 to the bank and hoping it gets accepted, giving me the time needed to pay for the rest of the property in cash.The rest of the cash is coming from my Federal Income Tax Refund, which should be here soon.I've never made an offer for a property for investment purposes, nor an all cash offer.

There is NO de minis in federal law and the feds were specific about that in their Final Rule on the SAFE Act.Moving past the SAFE Act, there are a host of federal compliance issues that people have ignored in the past that just can't be ignored anymore without significant risk, and some relatively new ones that can be very dangerous to ignore.

From what I understood, it has something to do with the involvement of the government in the way Fannie Mae and Freddie Mac operate (the Federal Takeover of 2008) As I was explained, the new DTI requirement will apply to private portfolio loans, but not to loans that will be sold to Fannie Mae and Freddie Mac (Conventional loans).

I have been reading a lot of Floridah and new Federal laws that were inacted in 2008.

I live on I-5 between Seattle and Portland, and lived in Federal Way right near NE Tacoma twenty years ago.

You just have to dig for them; or better yet, have someone else dig for them for you.Here's some information that may help you if you plan on looking at REOs (foreclosed properties).First of all, I have never seen, in any of the states I am licensed to work in, any REOs where the bank gave anyone a disclosure of any sort beyond the federally required Lead Based Paint Disclosure for properties built prior to 1978.

I think it will eventually start happening but it depends on when the money starts flowing to developers from Federal, county, city agencies to offset project costs to make it worthwhile again.

Also, Do you know if the kind of tax lien makes a different: ie; unpaid county taxes vs unpaid federal income taxes that are liens against property?