So, I certainly would NOT count on the owners buying the property back.Many states have passed laws regarding these "equity stripping" deals.

I make a very good living here and am not trying to become a real estate investor to get out of debt but am rather coming here with a fairly important amount of cash in the bank that I would like to invest in real estate.I would like to participate in your forum and start building a network because laws and possibilities in the US are very different from what I used to deal with in France and I would like to avoid the most common mistakes right from the start.If I can help with my knowledge of real estate in France or Cuisine tips, it will be my pleasure.

If you can get that kind of rent payment out of them.What are the laws for section 8 housing?

State laws and the insurance companies protect board members unless their actions are egregious.

I have a listing that I referred to my brother-in-law.

Well our legal system is setup on case law and statutes, and at least I know for Texas, that the case law says that I don't have to put any earnest money to make the contract valid.Should I still practice Covering Your Assets (CYA) even if the law is behind me?

There are trusts but not something that the law calls a land trust.There are contracts for deeds or land contracts where you transfer economic title but not legal title.

Its a bit challenging for me to analyze all this info because I live in Montreal, Canada and our laws and system is a bit different.

Laws very widely from state to state, especially if the seller is involved in foreclosure.

This is actually a good result when this happens as you are the holding the first lien on the property.Rules on redemption of liens and foreclosure actions not only vary state by state but county by county, so wherever the property is you need to ensure you are aware of the laws pertaining to the locality.