Probating a will (despite tall tales told by attorneys trying to sell trusts) usually can be accomplishe in less than 90 days at very little expense.

Its always good to learn the federal and state laws for what you are doing and to trust and follow them.

Lonnie's business model is to buy a mobile for 10-25 cents on the dolar (trust me no MH seller's asking price is within 50% of what he'll take to walk away) and resell it for "terms"There are two sides of every deal, there's "price" and there's "terms". 99.99% of all buyers are "terms" buyers.

A note and a deed of trust.

Be careful about terms.You might be talking about a trust where there is land involved.

People invest in specific markets and they do their best deals when they know the specific market.It does not matter what is taking place nationally when you are checking 100 properties in a specific market.It does not matter what is happening nationally when you do a deal with 30% equity and positive cash flow using the 2% rule.National information is great for headlines in newspapers and for shooting the breeze discussions.

Have you tried any of the national players?

We can ultimately eliminate risk by creating a land trust on purchase properties.The Land Trust is a legal entity, therefore it can assume a loan, create seller carry back financing, etc.

No offense taken....But let me add a few points:A Realtor is a member of the National Association of Realtors, which adheres to a detailed Code of Ethics.

- As a mortgage professional, how do you think this new governance will effect your business (assuming that this bill achieves national acceptance)?