You'll see in the Fannie servicing instructions that there are event to investigate and it will be the trustee making the determination (or assistants).Ed mentioned the clerk of court verifying default, just don't want folks thinking there is some investigation by any clerk in verification, it's verified by the lender executing an affidavit of facts concerning the breach or default, they have no duty to validate or find the claims to be true, they can't, they may ask a lender for evidence, like an accounting or other evidence but they don't do loan reviews.The issue is the DOS is used by certain lenders as these matters are contained in their written lending instructions, failure to abide by the instructions adopted by the board of directors and approved by regulators is a breach of duty in following those instructions.

VRBO's policy is that every person who advertises a property for rent on their site (as well as on Homeaway.com) should perform their due diligence to make sure they are complying to all local, city & state regulations as far as short-term rentals go and taxes.VRBO is an advertisement site and just like you don't have to prove you are authorized to sell or rent anything in a classified ad, the same is true on VRBO.

Sites like Accredify offer to screen people for you using their own algorithms, but it remains to be seen if people will actually use this service because of security concerns, etc.If one were to use this Accredify or some other site-based screening process AND have the potential investor sign a subscription agreement where they certify they're accredited like a standard Regulation D has do you think that would pass the reasonableness test?

The Dept. of Consumer Affairs had to step in and set forth regulations and monitor certain criteria.

They are all pretty much the same, since they are 'regulated' by the state board.

If a note is or was exempt from regulations, how do you prove that?

Is anyone willing to connect with me and give me some insight on this process and the best techniques to streamline it and/or refer a legal counselor or experienced wholesaler who understands the midwest/Wisconsin regulations on this type of business.

I am at a stage now in the development of this business where I am trying to make sure I am following all the federal and state (Wisconsin) regulations of wholesaling real estate.My question to the community would be, what are some free and/or very inexpensive legal resources that understand this type of real estate business.

Insurance is pretty regulated, you can look up any insurance company at your state website to ensure they are properly licensed and formed.

Lending money requires knowledge of contracts, state regulations, licensing requirements, real estate process, etc.