Since you don't have a security agreement to govern any foreclosure, you'll likely be ordered to go with a judicial foreclosure and there, you could be slapped with paying your tenant to get them out.Also, the SAFE Act specifically mentions Options and also includes language that leaves any method or scheme that effectively extends financing in a transaction or that attempts to circumvent the intent of the Act.

Tracey,In regards to the 2 years of tax returns; this is only necessary if you will be attempting to use other rental properties in your equation for DTI ratios.

You don't necessarily want to be an unlicensed realtor / broker - "Bird Dog", you want to sell opportunity, not broker transactions.I'd be happy to discuss this method-- employed by my company for years with great success-- in detail if you'd like to speak-- you can pm me and I'd love to chat.And full disclosure- I'm NOT a "coach" or "consultant" and I have NOTHING for sale, and this isn't an attempt to sell anything.

People like yourselves who are legitimate should welcome the fact that the govt is at least attempting to keep scumbags out of your line of work.Go ahead, complain that the regulation is not effective enough, that is a fair complaint.

Thank you Mike.That is Awesome.Thank you for actually taking the time to read all my questions and attempt to understand.

The basic search tasks are available.The application will first attempt to obtain a GPS location so it will know what area to search for homes for sale or places nearby for rent.

Just two quick notes, 1. while you may be owed the rents over the entire lease term, you have an obligation to make good faith attempts to re-let or lease the property for the same amount of the old lease over the remaining term.

After a brief attempt at pre vet (verterinarian), Organic Chemistry made me realize I probably needed to change my major.

And I think I want to attempt some of those tactics in this deal.

In order to seek a deficiency the note holder needs to make an attempt to collect the full amount due.