As such they need a board of directors and you must hold annual meetings.

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.

Hi guys,My name is Katherine Swanberg and I am the Executive Director of REAPS (Real Estate Association of Puget Sound).

Further, any landlord who has been subject to revocation of a Residential Rental License Permit under this Ordinance shall be deemed ineligible to hold (individually or as a member, shareholder, officer, director or partner in any limited liability company, corporation, partnership, limited partnership, limited liability partnership or any other entity) a Residential Rental License Permit for any new or additional rental property for a period not less than three (3) years.

I am the RICH Education Director so I'm a bit biased but I will also probably be joining Lifestyles next year as well.

I'm currently a marketing director for a senior care company, but I've always been interested in Real Estate.

We had people in the congregation questioning the legality of the renovation (CHURCH DRAMA) I just called up the director of the local permits department, I met with him and he explained everything to me very clearly.

Currently about halfway through studying for real estate license.My day job is marketing director.

It is important to note, this was after over 4 years in residential retail lending as a Director overseeing all our loans.

ROBS stands for rollover as business startup.Over 20,000 ROBS have been funded to date and fortunately the IRS has published guidelines on ROBS.October 2008 Memorandum:First official publication where the IRS formally addressed the ROBS arrangement;IRS confirmed that these transactions may be not challenged as “non-compliant per se”;IRS summarized the steps involved in the ROBS transaction; andIRS identified compliance pitfalls including the failure to file the annual retirement plan form 5500 tax return, the failure to file the corporation’s tax return, & the failure to obtain an annual valuation of the plan’s assets including the investment in the corporation stock2009 - ROBS ProjectIn 2009, the IRS initiated a “ROBS project” to define traits of compliant ROBS plans and in doing so acknowledged that a ROBS transaction can be conducted in a compliant manner. 2010 – IRS Telephone Forum In a 2010 telephone forum conducted by the IRS, the IRS’s Director of Employee Plans Examinations Office and the Area Plan Manager stated that ROBS transactions are not “abusive per se” and that “you can have a textbook ROBS that is pretty much problem-free.”Fall of 2010 Retirement News for Employers: Brief SummaryThe IRS confirmed that the ROBS transaction is not considered an abusive tax avoidance transaction;The IRS confirmed that it does not protect business owners (also known as the plan sponsor) from incorrectly administering the retirement plan;The IRS confirmed that if the rules are not followed the retirement plan will be subjected to adverse tax consequencesFebruary 2013 Employee Plans Compliance Unit ROBS Project: Brief SummaryMuch of the same information contained in the October 2088 Memorandum was published in this summary; andThe IRS again confirmed that ROBS is not considered abusive transaction.