At least, that is the current regulations but some banks might have their own underwriting guidelines

I found someone online that had posted a section of the "mortgage regulations" where it stated you no longer have to be a family member.

If I were to purchase a property subject to existing financing, I am ultimately taking control of the title and the property while making loan payments that are still in the sellers name.

.), but no collateral, no cash flow, and existing debt, so I doubt I would be able to buy a place unless I came up with some creative FSBO financing.

It was claimed at another board that lenders exist for end buyers and that these lenders don't require seasoning in order to use new value for a subsequent purchase.

Have there been or are there any existing problems that you know of?

Found this FAQ, thought it might be of interest:HUD and VA home purchasingThere's also info there about a program for teachers that I didn't know existed!

Every State has Laws, regulations, and statutes regarding Tax Certificates & Deeds Investing and they change regularly so do check your county and state Laws, regulations, and statutes before investing.Questions you should ask the Tax Authority1.

I can help people with getting into a new home or refi the existing mortgage.

First, remember the banks are regulated by the federal government and they are required to underwrite conforming loans and second, bank loans tend to be very structured and are generally inflexible to your project needs.