Mark and Marc listed below is the relative statute for Indiana.

A deed of trust lives virtually forever and statute of limitations do not apply.

Depending on the statutes you might also be able to get punitive damages.

When you are right, you are mighty right, Taz.I called up a gal I used to date who has since become an escort and she explained that the only way anyone could seize her property is if she was somehow convicted under a RICO statute.

I have been reading the KRS statutes diligently but somethings are still not crystal clear - that is why i want to get some hands on experience in this coming year 2011.

In laymens terms, these statutes view a "bird dog" as involved with equity purchase.

I also looked at a few state statutes and an update, I have not seen the final assuming the intent did not change, I'm sure it did not.

In the states I'm familiar with (OK and TX), if you don't have an operating agreement, then by default your LLC is member-managed and operates under the state's LLC statute.

He checked with a Special Auditor from NM State who says, "...even though you don't have a contractor's license you are 'engaged in the construction business' so you are required to follow the same statute."  

The statute refers to qualifying property as being "...held for productive use in business or trade or for investment."