I am working on getting permission to reprint the whole article so for now I will copy and paste here only the summary from the FHA Assistant secretary for Housing-Federal Housing Commissioner which should give everyone a name to contact for the REAL STORY and why everyone is still having problems if the seasoning rule was suspended.WAIVERSection 203.37a(b)(2) of the FHA regulations, 24 CFR 203.37a(b)(2), is hereby waived for a period of one year from today's date with regard to sales of properties acquired by mortgagees, whether sold directly by the mortgagees or by their subsidiaries or by vendors to whom they have transferred titles to properties for the purpose of effectuating sales of those properties.

I've researched LLC filings with my Secretary of State to get names to contact.

I cam't tell what stateyour in - I'm in CA and a developer of which has had to hold the HOA for awhile - It is a Corp - owned by the homeowners - managed by the Builder - in CA once 50% is sold you need to turn the control over to an outsource - a president, secretary, treas. that is not the builder - last post is correct - it will all be laid out in your CC&R's / Bylaws.

Again, not trying to promote anyone's businesses or websites, but I came across to this website where you can buy a dissolved corporate from your secretary of state.

I have left messages with his secretary, so tell me is this agent deserving of his commission?

How much did it cost the American tax payer for Obama and family and Air Force One, and all the Secret Service, Secretaries, and support staff to head to Europe to voice support for Chicago?

If you owe anyone, you should either pay them or make arrangements that they release that company since you are closing it and assume the liability elsewhere.Then contact the Secretary of State where the business is registered and ask what they require.

Not to be a downer, but you live in Chicago and unless you are a big player or have a mutual contact, her secretary will probably just throw you number out with every other looser that calls trying to pick off a deal or two.

Ydina, I believe Wells is correct about registering your out of state entity with the Secretary of State: http://www.sos.state.tx.us/corp/foreign_outofstate.shtml As for the recommendation to open an account with Wells Fargo, I suppose that is true.

Seems like an easy process to do through the Texas secretary state website.