Finally, he advised i buy a house by taking advantage of 2 separate government programs (i was making less than $35,000 at the time which to the Fed made me poor).

I am not sure what that will do, other than make me feel better, as I have done the same before and the government REO don't seem to care a whole lot when their rules are broken.

Usually the government seizes it and ends up in a government auction at some point.

There must always be reasons behind the rules governing group's behavior.So here I am.

And he provided a formula for doing that.As far as coming up with the formula to continue receiving grant money, I guess you could say that -- he first theorized the formula while he was in the Navy, an organization fully funded by the Federal government.

Yes, it depends on the bank, but Fannie and Freddie have 15-day first look periods and HUD has a 30-day period for OO's, government, and non-profits.

Instead, it depends on where the entity was formed and what law governs its internal affairs.

If the purpose is the former, than you need to be honest about your motiviation, if the latter than any potential investors or lenders are interested in how you are going to make money - unless of course you are getting financing from a government or charitable organization whoose specific goals include social engineering.

My comments were tongue in cheek - though there is a bit of nostalgia for a time when I could not be reached, when it was excusable to turn a draft document around in a day or two instead of ten minutes, etc.Of course those innovations have helped the people you referred to - but so could have a million other innovations or their governments opening trade, freeing up controls, and bringing in free markets.

Looking back, it seems like a good area for investment, especially with the relatively strong government based economy.