Hi again, About European Union - they give us a lot of money for our infrastructure, but of course our politicians steal almost everything.

I am European but have lived in California for some time (in your neck of the woods as a matter of fact!).

I understand the poor very well, since I was charged with oversight of over 1200 public housing units as a commissioner, a very active commissioner at that!

Additionally, if you represent a buyer or seller in a real estate transaction, and will also be compensated for obtaining the loan for the buyer, Commissioner’s Regulation 2904 requires you to disclose, to all parties in the transaction, the form, amount, and source of the compensation received or expected for the loan.http://www.dre.ca.gov/faqs_mlb.htmIt doesn't give any info about how to get into the game, but it's something.

Hi guys,Some of my thoughts.If 2% loans exist in Japan that is grate for them, but it worthless for me.If I were offering to refinance my house for example with some European bank with 0% interest, I would think twice before I do so.

Up until that point, then lender simply has a lien on the property - and the borrower may do whatever he deems fit with the property.Once the gavel goes down - assuming 91 days + 6 months in our example, then the Bank gets what is called a Trustee's Deed or Master Commissioner's Deed - which wipes out all debt - 2nds, 3rds, etc.At that point, you are dealing with an REO (Real Estate Owned) or sometimes called OREO (Other Real Estate Owned) - and when you call the bank, you want the Special Assets Dept. - not Loss Mitigation.

I am not comfortable owning something that, because of something that happened over night in the Japanese or European markets, is worth 25% less today then yesterday.

Tim W. was calling this "European wood floors":http://www.biggerpockets.com/forums/52/topics/47534-trying-painting-floors-will-let-you-know-http://www.biggerpockets.com/forums/84/topics/15148-best-way-to-rehab-a-wood-floor-on-a-rental-to-behttp://www.biggerpockets.com/forums/52/topics/53707-what-is-the-most-tenant-friendly-flooring-?

I was a Commissioner of a large public housing authority here and administered "owned housing" and Section 8.

I became active in public hosuing and section 8 by the mayor appointing me as commissioner of a large public housing agency, having to manage the folks who manage the programs and owned housing units.