I was not fond of doing this to the main list, but again, I think a secondary "marketing" list, would serve well to do this with.So -- thoughts?

It's from the MI Real Estate Laws and Rules, what we agents in Michigan fondly call our "little red book".

In fact, she was told that the tenant could have requested the reversal of up to 6 months payments and there was nothing she (my client) could have done to stop the reversal.I have never been fond of this approach... although it can be a great time saver...

Bill Bronchick is fond of saying "don't you wish you could buy your parents house for what they paid?"

And Liberals are very fond of Capital Gains Tax and Death Tax.

For those that are so fond of taking pot shots at our country I would invite you to renounce your citizenship and move to one of the other countries you think have it much better than we do.I am all for concern and wanting to make our country better, but flailing your arms and making blanket statements about the world coming to an end are ridiculous and don't help at all.

After multiple calls we found a manager that said they were not fond of selling their notes, and when they do it is usually in bulk, not one by one.Have you found/seen anything different?

By 12am tomorrow any hedge fond must declare all purposes and naked sales are prohibited then.

It all depends on a deal by deal basis of course but in general that is a good program to take advantage of given your situation (meaning you don't mind living there for three years).I would double check the living and renting rule - just to be sure it is okay and as long as you know (or learn) what your getting into with living in 1/2 and renting out the other - not something I am personally fond of but to each their own.HUD properties are normally sold undervalue anyway - then to get 50% off of that that would be great - I would also check to see if you get 50% off your accepted bid or 50% off the list price - that may be a factor.If your end goal is to rent and hold vs flip then be sure you buy in an area where there is a steady stream of tenants and go for it....Bottom line - you asked if it was a good idea - and with a few caveats I say yes!

Where are you going to get such a small loan in the 7s in Detroit (an area most people dont think fondly of)?