BUT as any dusty corner of statute and regs its up to the lending banks underwriters to know this. 

Sounds like some of us Jersey Landlords should come in and take over for those who can’t swing a profit ;)We have lived under an anti- eviction statute that calls for cause, we cannot refuse a qualified section 8 and many of our municipalities rent control is limited to just the CPI (sometimes in the negative!)

The issue in Illinois is the High Cost Statute was never done with lower cost properties in mind .

Is it the lease (which the tenant already broke via nonpayment) or some statute?

:While jurisdictions may legislate their own definitions of fraud (criminal or civil) by statutes, here is one specifically related to a real estate transaction in Indiana, as stated by the US Supreme Court in Lawyers Title Ins.

Hello Chris,  I highly recommend that you check into the statute of limitations on your Mom's mortgage.  

I am having a hard time finding the laws and statutes for Wholesaling in Kentucky?

This is what they are teaching in the FL sales license courses, it's not me: 2015 FL Real Estate Broker & Sales Lic Statutes & Constitution

We had so much trouble with MH's at tax sales the state changed our statutes a couple of years ago.

Does anyone have a definitive answer or could you point me to supporting statute?