There are many pitfalls to a RTO and unless you have a really good command of lending guidelines, HUD regulations and buyer qualification issues chances are your RTO will fail, that's where my money would be.

They operate in a regulated industry and must supply their company balance sheet.

This isn't really an HOA-specific situation, similar regulations are sometimes written into zoning codes.What about trees?

In any industry there are those that believe being mediocre is a way of life.Sadly they also believe they should get excellent compensation for their mediocrity.So I wouldn't regulate these types to just one industry.For the stolen mechanicals issue what happens is the listing broker lists the property and makes periodic inspections.In between going under contract a perfectly normal property could have the outside unit stolen and the inside trashed.You have to answer was the property broken into because nobody was watching it or is the are not as great as I think it is.For the most part vacant houses even in nice area get some vandalism.Once someone occupies that is usually not the case.A bad area however will just keep getting things stolen over and over again.Peter is that the property I said you need to check about the flood zone??

If you are thinking of investing or buying a condominium you must do the following: Request a copy of the past year financial audit; the current RESERVE STUDY (not more than a year old); the annual budget; a copy of the CC&R and Rules and Regulations.

I strongly recommend that nobody buy a condominium PRIOR to reviewing the CC&R, Bylaws, Rules and Regulations, RESERVE STUDY, financial statements, and maybe a years worth of minutes.

The treatment of Treasury securities and other securities issued or guaranteed by the U.S. government, government agencies, and government-sponsored entities under other federal banking agency regulations, including, for example, the Federal Reserve Board's Regulation W, will also be unaffected."

Do you think Obama is not going to take this chance to try to institute even more oversite and regulations on the banks?

PMI is one of the major private insurers though I understand that most of are in trouble and are under regulator scrutiny.

I'd bet you'll have insurance and finance regulators calling you to see why you aren't registered with them, not to mention the Bar Association!