They're still governed by state and federal securities law, so there is a LOT of legal work that goes into doing one.You form a company, usually an LLC, then get people to buy units in the company.

The government is spending TRILLIONS of dollars they don't have and this WILL result in high inflation, if not hyperinflation.

Other servicers are probably dealing with the same government red tape and haven't started participating yet.

You want safety and security then go get a government job.Justin

I just do not see how the governement expects landlords to stay in business if they suck away most of the profits.

I would love to do that.I would like to get a good understanding of how I could buy land from a land owner who's not interested in keeping their property and is willing to let the government take it from them due to unpaid taxes.

The big pluses right now are time and government incentives.

The socialists are now in control of the government and they don't look kindly at an evil predatory lender (YOU) that forecloses on a victimized buyer.

When it comes to socialism remember this quote from the 38th President:A government big enough to give you everything you want is a government big enough to take from you everything you have. – Gerald R.

For people really concerned about socialism in this country, I think a huge issue should be the illegal spying by our government on our citizens:http://www.latimes.com/news/nationworld/nation/la-na-wiretap11-2009jul11,0,1159123.storyThanks W. for all you did to try to destroy this country from the inside out.