Looking over FL 501.1377 it sure seems to me that by saying noone except primary mortgagee, can bring default current and continue making payments that this throws sub 2 out. Am I missing something?

Legislation was rammed through Congress so fast that watchdog groups had little time to examine the bill.

Any legislation that exists...California having the only one that I am aware of that defines rent skimming and was probably put into place due to pressure from the lending industry...i am sure is directed at the big fish who have huge multi family units who stop paying their mortgage and keep collecting rents...the money was originally lent to these people based on the projected rental income.

It may already be too late for that, time will tell.White House spokesman, Tony Fratto, had this to say: "This legislation is to fix a problem in our financial markets.

It seems that potentially there could be an HOA meltdown in Florida without some legislative action.

It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.

I've only been asked about earnest money from a non-represented seller maybe twice.Now noobdog, in reference to "land contracts", I'm guessing you're referring to a contract for deed, which in Texas is not illegal but new legislation has opened one up to extreme liability for selling a property through any type of executory contract, where the buyer doesn't receive title immediately.

overreactionary legislating and such.

In Texas, lease options are pretty much dead after some legislation passed last year.

In Texas because of legislation around other creative avenues, I will be offering them mainly through seller financing.