While brother to brother may not be prohibited as self dealing per se, it could be interpreted as a Quid Pro Quo deal to get around self dealing rules.

I've received lots of great leads already on BP, but I'm getting a little bit lost between what I'm being told with mortgage brokers vs. my own interpretation of the underwriting requirements I've located for Fannie Mae.

And even though it goes against state statutes, some TN courts actually give prior owners 3 years to file suit to redeem the property.Your best bet is to get familiar with the TN state laws on tax deed sales, redemption and getting clear title.Here's a start: Scroll down to "Tax Sale Information" section http://www.tennesseetrustee.com/node/142A lawyer's interpretation of the tax deed procedures in TN: http://www.notestinelaw.com/pdf/property_sales_tax.pdfThese ought to get you started. 10% is a decent rate for a year and the prospect of getting title to the property after a year (even with the possible 3 year redemption) is pretty good too.I have not invested in TN as of yet. but I'm looking at a few areas near the larger cities like Nashville, Knoxville, etc.

Answer: "Yes, when there is a lien on the property, anything of monetary value on the lien that prevents a transfer of clear title, the bank will take care of those liens prior to the close of escrow in order to close with clear and marketable title.Open permits, unpermitted items the bank does nothing with, buyer inherits the issue"Interesting, I am interpreting this as the 21K lien will be paid or negotiated with the County by them ( even if the origin was due to illegal additions).The actual fixing of the issue (i.e removing the violations) will be the buyer's responsibility.Sounds good to me...

How do you interpret motivated?

I'm trying to interpret Jonathan's breakdown.

If you provide the loan for personal use and with co-borrowers, like to me and my LLC, that will muddy the waters.There is also the tendency to classify to the more restrictive side, if it's questionable it will usually go to the category that is the most prudently represented which is more restrictive.Caution needs to be taken in assuming that if X or Y is present, the result will be Z, especially when the transaction will be viewed in its totality and when consideration can be given to intent or circumventing the SAFE Act.The SAFE Act was written with the broadest interpretation allowed of any financial regulation I have ever seen.

It sound like the sites are grappling with how to handle this, as it might be interpreted that the investor needs to provide financial evidence or proxy signature (lawyer, CPA) of accredited status every 90 days if one is going to participate in a new deal.I can see how participation in a deal would require accreditation verification, however verifying just to *potentially* participate in forthcoming deals could be burdensome.More to follow…My caveats: (1) I have no undisclosed special interest in any particular site. (2) My findings are that of a user and may not accurately reflect the explanation you would get from the website company.

At this point probably an R.E attorney consult might be a good idea.You can try lot's of things but end up wasting a bunch of time and not get the result you want (money back).There are rules and laws and then real world application and interpretation of those laws.

The determination of any financing agreement is not to the compliance of that agreement but in determining the application of tax laws to determine tax liabilities applicable to the agreement or transaction.You can have a violation under one area of jurisdiction and not another as well, or you can certainly have various violations under the laws or rules in the jurisdiction of multiple of agencies.As to the SAFE Act and what determines a financing agreement the definition is broadly interpreted as to any method or arrangement that facilitates the transfer of title to any covered property (OO SFD or land allowing such dwelling to be built) where there is a security interest of any kind in the property being purchased.