.`(6) MAXIMUM LOAN AMOUNT- The principal obligation amount of the eligible mortgage to be insured shall not exceed 132 percent of the dollar amount limitation in effect for 2007 under section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454(a)(2)) for a property of the applicable size.`(7) PROHIBITION ON SECOND LIENS- A mortgagor may not grant a new second lien on the mortgaged property during the first 5 years of the term of the mortgage insured under this section.`(8) APPRAISALS- Any appraisal conducted in connection with a mortgage insured under this section shall--`(A) be based on the current value of the property;`(B) be conducted in accordance with title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3331 et seq.)

Some say that sellers don't like to deal with corporations, others argue that sellers will have more confidence that you close if they deal with the company?

So you understand going forward, loans made to LLCs are called non-recourse loans because the bank has no litigation recourse since you have the veil of protection of the corporate entity.

Has anyone every brought a Shelf Corporations?

Worked in Corporate America for companies including, Apple, IBM, Intel, Fidelity Investments, DST Systems and several others.

Establishing an identity graphically with colors and a slogan is one thing, but branding in the corporate sense is beyond what is necessary.

Unlike most states, in Michigan the Corporations division is part of the Department of Labor and Economic Growth.You can learn all you need here...http://www.michigan.gov/dleg

I remember getting pretty active in the discussion here: LLC, S-Corp, or LP Holding Company?

Never thought of selling the corporation to the investor.

Correction: FDIChttp://www.fdic.gov/bank/individual/failed/silverstate.html On September 5, 2008, Silver State Bank, Henderson, NV was closed by the Nevada Financial Institutions Division and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.