Sorry for any mix up Amy, but I'm still not sure why you need a proposal in a formal sense if it's your uncle......however, an uncle is not immediate family under SEC or other regulatory exemptions, but....Are you asking about an investment prospectus for investors or a loan proposal...You may need to look at pro forma statements, they financial statements that are based on projections into the future to estimate business performance.:)

I also took a glance at DF and they call for a study to be conducted on SAM's for regulatory oversight: "Study of Shared Appreciation Mortgages (Section 1406) – Requires HUD to conduct comprehensive study to determine prudent statutory and regulatory requirements for wide-spread use of shared appreciation mortgages and report to Congress within 6 months after date of enactment."

It has to be genereic and say "homeowner" and it doesn't list where the house is that you are interested in buying because that would be 2,000 different addresses mentioned in the body of the letter or postcard.

Thank you email me at Eric, Your e-mail will be probably removed soon from the body of the message as part of the site's rule.

I spoke to an experienced banker at a local credit union and they told me that they are governed by a different regulatory agency than the banks.

hello every body, great site here and i am thankfull, i am in lower va 24112 area,i have absoultly the criedit i can, due to a divorce, but i am working on it....i do how ever have a decent paying job, so i am looking to buy one or two of these house's i see in the local area, between 11 and 19,000 deal is i will be haveing to pay cash, thats why the small start up, having owned several homes before i am aware or the process and other fee's that apply. ok here are the questions,1) if i buy in a lower income area, will i always be viewed as a low income landlord?

Is there any sort of governing body that oversees these companies that we can complain too?

Any body have any ideas or sources?

It may not be the way I did it or any body else, it may be more risky or safer; but get started, slow progress is better then no progress and some money is better then no money. 

Basic agency law.Next thing most investors don't have a clue about, is that state real estate commissions, cease and desist sit orders and fines are not necessarily a judicial matter to be found in court cases, regulatory agencies have administrative authority to deal with violations in administrative hearings, which may or may not be made as public information.