Not seeking to take advantage or beat around the bush and being shady.I am direct and to the point.

Thinking you can take the property without seeking the equity interests of the owner/borrower can get you sued.

Where should I seek transactional funding for an auction?

You are right Simon, they are all Socialists.They have really wierd stuff in here, I pay socialist taxes to cover healthcare and it costs less than a private healthcare insurance in US.The health cost per capita in US is the highest in the world because it's the best.My wife had to go to the hospital 3 times and did not pay a dime, while sometimes with private insurance you still have to pay a flat fee each time you go there, crazy socialist stuff.My buddy in US had his wife and daughter seek treatment and spent thousands, almost went bankrupt and started smoking, but he likes it.

In one county the estimated loss in value direct due to this legislation is estimated to be $1 billion by the county officials.Some people who do not have mortgages and therefore not required to carry flood insurance might elect to "self insure" ie not carry any flood insurance and put for any flood damages out of pocket.Most of the investors that I have talked to have said that they will stay away from flood zone properties and try to sell the ones they own now as soon as possible before the full force of the insurance premiums kick in.But as a counterpoint one investor told me that he would be seeking out flood zone properties with the idea of buying them at extremely low prices, all cash, with no insurance and rent them out for the cashflow.

If it weren't for those seeking advice in various subjects the information would probably remain dormant and undisclosed.

For the time being, I am seeking to learn more and get involved with BP as well as my local REI Club.

I didn't have to look for properties, deals came to me, however there were times I'd seek out certain properties.

My family have at least 700k that is in U.S bank at the interest rate of 1%.This says that I do have a really nice background for investors who actively seek for money.

I would suggest you seek out local Real Estate Investment Groups and attend some of their meetings to get a feel for the local area.