Then look for what you know you can bring into compliance with their demands.

The course work is mostly about compliance, and you don't even fill out a contract here in Illinois until you are active as an agent and have passed the test. 

Did you receive a code compliance letter from the city/county/state about it? 

SInce any good agent won't stand for giving 50% away, that means a bunch of newbies, adults to retrain in business, ethical issues, legal matters, sales, compliance issues and tons of records to keep, forms to buy, signs to get, clubs to join, office to furnish....I think I'll stop.

These are a lot of fun and people really notice them.Code Compliance -This is another profoundly awesome way to get deals if you can pull it off.

Question is is the seller exempt from compliance?

Notice required, running new amortization, accounting, verifying new payment (if deposited), compliance check and communication with a borrower is possible if they want to see how adjustments were arrived at.

I checked with the zoning officer yesterday and we meet their compliance test as all but one of them are related.

Called bank on "abandoned" property but they havn't taken action for 3 years and probably won't becuase the county will get the property and the bank will be out at least 150k, so they have no real incentive to move on this at the moment.What I have done:1) HOA won't help at all, and had no advice.2) Low Income housing authority says they are looking into it, but no action so far and apparently the owner has to sell or sign the property back over to them for anything to really happen.3) Health department and Code Compliance department are "investigating" but no real action either.4) Called bank/servicing company, but they havn't done anything as they have no incentive and it would take 90 days to evict people anyway.5) Called police on the fights and they have come, but they are still there.6) Got the owners number and talked to him when he showed up one day (driving his lexus).

I realize that I may be seen in many different lights, as the regulator and goodie-two-shoes or the deal killer insisting on compliance at every turn, but I hope it's also seen as trying to ensure investors succeed and advance, not only advancing themselves but also advancing the integrity and professionalism of the industry investors provide.I simply try to stress fair and lawful dealings that impact the reputation of an investor as it is a reflection on the reputation of all investors.