Take a look at the revision: Section 203.37a(b)(2) of the FHA regulations, 24 CFR, is hereby waived for a period of one year, September 14, 2009 through September 13, 2010, with regard to sales of previously foreclosed or abandoned properties acquired and resold by for-profit and non-profit entities using funding from and performing under agreements with state and local government agencies under the NSP program.

Many people have multiple names, no social security number, some don't know there dates of birth, etc. so the task will take a couple of generations, I think.Credit is fairly easy to get for properties because buyers make a significant equity contribution and most banks are government-owned and the government pretty much forces them to lend.

Not a bad deal for 0 cash down.Here's my problem: I've talked with a number of local investor friendly mortgage brokers and all of have basically told me that I need a minimum of $30k seeded to qualify for a traditional investor mortgage due to government standards.

As James pointed out, it is getting near impossible to do these due to title companies, the government cracking down on those that commit fraud (not all of these transactions are fraudelent), and the end buyers lenders.A "double closing" is where the A to B and B to C transactions close on their own merit and thus require "wet funds".

The credit you recieve, IF you qualify, is 10% of the purchase price up to a maximum of 8K.This was the case when it was first begun, but with government so many things are constantly changing and it may be extended.

I know I can apply for it on the government's website for free, and I can type in APPLIED FOR where its needed.

The summer is over and the $8K government incentive for 1st time buyer will soon run out.

Licensed agents are regulated in every state, and are bound by certain laws and overseen by some state government agency.

Laws, governments, societies are instituted so that some semblance of civility can be obtained.

Anytime you see a great need for a service, especially a medically oriented type service, that is not being met in a community and that such a service is a profitable or very profitable enterprise, that tells be one thing quickly....that government has shut the doors on entering that market or that it is very expensive to enter that market (business).