Depending upon the answers to the questions and the results of the inspection, more questions will be asked to see what other things we need to know before prescribing a solution.The Key Is To Find The Seller’s PainInvestors often miss this important variable therefore they don’t really know what strategy to take when dealing with a Seller.

Then within a prescribed time if the conditions of the unit were worse or had other problems upon discovery you could then take some or all of the sellers holdback funds in escrow.Remember once a seller closes and gets all the money they vanish most of the time....... : )Doing hold backs and other procedures helps keep them honest and not play games.

Its also anti equity skimming laws.. if you buy a preforeclosure and sell it with in a prescribed amount of time can't recall exactly but its about 24 months.. your required to split what ever profit you made with the person you bought it from .. etc etc.I got out of that form of investing when these Senate bills were adopted as law.To my knowledge it is not federal its state specfic

If we use the prescription analogy, one could argue that there are constantly new and better drugs being developed and prescribed while we uncover the down sides to the old drugs we've been prescribed for years.

These are not assets for a street level investor nor would any street level investor qualify for the management requirements let along the capital requirements with some of the smallest pools being north of $30 Million.In certain HUD sales, like those pools with NSO loans (Neighborhood Stabilization Outcome) management/administration has a duty to treat loans in the prescribed manner and must maintain reporting post sale for a year or two.  

The state has prescribed an enforcement mechanism for punishing wayward agents.Entering the real estate transaction with the intent to broker a sale to another suggests brokering activity, which requires the observation of heightened fiduciary duties in all states.

@Peggy BeauregardThere are no problems with special allocations of depreciation as long as those allocations have substantial economic effect as prescribed by IRC Sec 704(b) and the related regs."

The notice herein required shall be given in the manner prescribed in Section 1162 of the Code of Civil Procedure or by sending a copy by certified or registered mail addressed to the other party.

Unlike offerings registered with the SEC in which certain information is required to be disclosed, companies and private funds, such as a hedge fund or venture capital fund, engaging in these exempt offerings do not have to make prescribed disclosures to accredited investors.

At that point, as decades of case law have prescribed, we should look to the common definition or usage of the word when there is question of legislative intent.