When you get that serious, you also have to beef up your administrative costs.

I am very fond of direct mail to the administrators of probate properties.

src=/program_offices/administration/hudclips/handbooks/hsgh/4240.4 Do a word search in the handbook and look for "investor" That will bring up all the sections Im referring to.Also, the location of the property does concern me.

Consider the source of the announcement (Obama) Doesn't exactly have a record of truthfulness.

I'm simplifying it but if this might work for you I would talk to your IRA administrator.

Well I wish you would have posted here BEFORE closing them out.Length of credit history in good standing DOES affect your credit scores.If you have other credit that has a long history it shouldn't affect you that much.If however closing the 3 credit cards with 7 years of history you know only have a few credit lines with only 1 year or 2 of being open that is not great.In the end it shouldn't hurt you too much.When they made the new credit card rules last year or was it the year before credit card companies raised interest rates and annual fees from no fees.So what happened is the great credit people lost benefits because Obama wanted people with bad credit to not be taken advantage of.The credit companies simply restructured to make the same money.So A law passed that had good intentions but was misguided.The government believes when they pass a law people or companies will just take the loss but it never happens.So in the end these laws are just spinning wheels and not doing anything.I know many people who have closed their accounts once interest rates go up or annual fees are imposed.The downside is people want to maintain credit but some credit companies have been closing accounts if you don't use enough and they make a certain amount of interest off of you.It is getting rediculuos.

Not sure how CA works but keep in mind that in NJ if the other heirs don't want to deal,the one heir can step up as Administrator and take over the estate on behalf of the others.

And, I would not use any administrator just because someone has not heard any complaints or assumes others have done research on them.I have a basic SDIRA with IRA Services in San Carlos, CA (no checkbook access) and I use them frequently for real deals I do all the time.

All of this is curious of course because when FHFA first submitted the RFI the administration had already been leaking the idea about the Bulk REO/Rental concept, you can cross reference Google news and search by date to see what I mean by this.

If a republican does win, or Obama stays in office, it could take years for any proposed program to occur like what you are talking about.