If the borrower can document extenuating circumstances, the waiting period for a loan with a 90% LTV drops to two years.FHA requires borrowers who weren't paying their mortgage when they sold their house to wait three years before they can qualify for a home loan.

They are not loanable buyers, easily taken advanage of due to thier circumstances, not all, but most never close which is the basis for the scam.

And if you spin the circumstances in the right way, you can justify almost any answer.In this case, the guy obviously wanted to be provocative and/or controversial, so he gave a question and some circumstances where the "right" answer would have that effect.That said, for me and my situation, I agree with Jon.

Your situation makes your circumstances extenuating.

Please forgive my post, but in regards to California disclosure law, this has "not been cleared" in the forum yet.This is a link to the direct law, or in this case the California Business and Professions Code, Section 10177, (o).http://law.onecle.com/california/business/10177.htmlJust go down to the o section, and you will see that not disclosing that you are a licensed real estate agent, specially when you are the principal, can result in grave circumstances.

Lawn care might be reasonable depending on facts and circumstances.

Depending on the circumstances, you could keep your home in a CH 7 case, but that's beyond the scope of this discussion....

He outlines one technique that does effectively avoid the extra transfer taxes, but it won't work in every circumstance, and an expert (not me) from my part of the state didn't think it would fly if used too frequently - but on occasion it would do the trick.

Under NO CIRCUMSTANCES will you get good results or returns from just switching from an oil" Guzzler" to a Gas " Glutton " new unit!

Consult a tax professional based on your circumstances.