Lending is covered under the UCC, federal and state regulations, which are closely tied together in various ways and a violation in one area can play on other regulatory issues, the new act is just part of the big picture.I realize that was not a simple answer, it's not a simple question as stated.HMLs need to know the new laws or be aware of them, sort of like driving down the street and knowing what the speed limit is, I can drive slow but I'll never know how fast I can go unless I know where the line is. :)

Are they tied to specific properties?

Your offer will be stronger without these contingencies, but they can protect you.

When I evaluate a market, I look at it's economic base for future growth (i.e. industries, military, tourism) - obviously, the potential for strong future growth will usually translate into stronger demand for real estate...I also look RE growth potential contrasted to what has inhibited past growth - for example, it the community land locked, controlled by environmental regs, lack of water, etc...

The attorney has no family ties or "feelings" to worry about - they're evicting an unwanted tenant.

When doing 1sts, you have a stronger position liquidating through the property as opposed to a 2nd mortgage, but I almost always prefer exiting through the borrower because I'd rather rehab the paper over the house, although I've done both."

In one, I tied together the kitchens & bathrooms by using the same backslash and flooring even though they each have different cabinets.

Long time ago, when horses were tied up at the saloon, I was in the insurance business, an agent for Metropolitan, then Prudential.

The title company found that the title was tied up by the DEA due to a seizure back in the early 90's.

But, the more money, time and effort that get tied up into the LLC, the more complicated (and expensive) the conversion is likely to be!