HUD solicits comment on the proposed clarifications and on the regulations proposed to be codified."

Should fire or casualty damage have been caused by Tenant/Buyer’s own action or neglect, they shall not be relieved of the responsibility for payment of rent, and they shall also bear the full responsibility for repair of the damage. 32.CC&R’s: Tenant/Buyer acknowledges receipt of all pertinent rules and regulations and CC&R’s concerning this property. 33.Possession: Landlord/Seller shall endeavor to deliver possession to Tenant/Buyer by the commencement date of this Agreement. 34.Default: The occurrence of the following shall constitute a material default and Breach of Contract by Tenant/Buyer: Any failure by Tenant/Buyer to pay rent on time or perform any provisions of this lease to be performed by Tenant/Buyer where such a failure continues fifteen (15) days after written notice thereof by Landlord/Seller will constitute a material breach of this contract and forfeit the option to purchase.

Danny - I suggest you check out your State's SEC regulations regarding advertising to sell a mortgage-backed security.

Hi, LOL, the names that people come up with to justify what they do that may not comply with a law or regulation.

I am Gene and live in Dallas Texas.

BEFORE a notice of demand is sent out, a lender CAN NOT sell a note to just anyone, non-regulated entities.

While history is important and some regulation is needed to prevent anarchy, it should be done at a local level accepted and implemented by locals rather than having layer upon layer upon layer of regulation such as is seen from local, to county, to state, to federal.

What do you mean by is it doable within the existing regulation?

Keep in mind that Fox sued for the right to lie during their news programs...in arguing that they rightly fired reporters for not lying on-air (when the station asked them to lie on-air), Fox lawyers got up in front of a judge and claimed that "the FCC's policy against the intentional falsification of the news -- which the FCC has called its 'news distortion policy' -- does not qualify as the required 'law, rule, or regulation'": http://en.wikipedia.org/wiki/Jane_Akre That *should* be enough to take away an credibility that Fox has...but some people can overlook a lot to see what they want to see...

I'm not well versed on HAFA, but if it is some sort of regulation regarding DIL of foreclosure, specifically making it more attractive or forcing banks to allow it, I think you are looking at this the wrong way.