To protect the purchaser of the wrap-around mortgage, Texas Senate HB 43:provides for wrap payments to be held in a constructive trust by the seller for the benefit of the buyerestablishes that anyone collecting or receiving a payment from a wrap borrower in connection to a wrap mortgage owes a fiduciary duty to the borrower for the paymentsdiscloses the nature and risks of wrap transactions to buyers and offer consumers the right to rescind transaction/agreement when disclosures are not made timelydefines “wrap mortgage loans” as a residential mortgage loan:made to finance the purchase of residential real estate that will continue to be subject to an unreleased lien that attached to the property before the loan was madesecures debt incurred by a person other than the wrap borrower that was not paid off at the time the loan was madeobligates the wrap borrower to the wrap lender for payment of debt, the principal amount of which includes the outstanding balance of the debt and any remaining amount of the purchase price financed by the wrap lenderclarifies that a wrap mortgage loan may only be closed by an attorney or title companyprevents “house flippers” from registering as financial service providersprohibits a person from making wrap mortgage loans unless the person is licensed or registered to originate or make residential mortgage loansThe new law goes into effect on January 1, 2022.

Personally, I don't consume my cashflow so I have had reserves when I needed them. 

These will be your first preview of the properties that will be auctioned, but the data is a bit hard to consume because there are often 200+ properties and you have to read through each individual ad to get the pertinent information.

The process sounds complex and time consuming, and can someone leverage the time for something that's more rewarding?

Permits are intended to protect the consumer.   

Volatile interest rates today due to the consumer inflation index report.

The average consumer is some what aware of these layoff trends, inflation, higher interest rates, and higher home prices.

Good.This is Not 2007Interest rates are unlikely to crash housing prices, the labor market, consumer spending and economy are too strong.

I have been fully consumed in all the BP podcasts and it pushed me to turn my primary residence in Wilmington into a long term rental. 

I feel that is bad for both consumers and agents.