I just had a lawyer write up the contract, and a title agency close the deal.

I'm not sure what debt collection agencies would pay for this type of debt.

Both agencies have been granted an exemption from "pure" QM requirements for seven years or until they come out from under conservatorship.

It sounds like you will likely have to go to a court to get a judgement on him prior to being able to send it to a collection agency.

I'm currently looking at Turnkey agencies, as I'm just interested in cash flow and the minimum amount of hassle for myself.I'm slowly making my way through the huge amount of information on the site, and learning quite a bit!

@Jerry K. and @Duncan Taylor I've purchased shares of a few agency REITs (annaly, Agency Capital), and even a physical triple net REIT (Realty Income), and have done pretty well.. are these the type of REIT's you are referring to?

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.

It also means they can't show it or step foot on a property with a buyer in an agency capacity.

I never ask a listing agent to cut their commission if there is dual agency but sometimes they will offer to do this to help a seller accept my offer.On the other hand, when dealing with most REOs I use a buyer's agent.

We had an issue with a neighboring unit where basically 2 families with a zillion kids moved in, and because state agencies couldn't prove it (they told us they look for number of cars out front and other things, and tenant said it was her sister visiting) no one could get them out until they destroyed the place.