Fannie Mae, page 82 of their latest 10-Q says "...foreclosure levels were lower than what they otherwise would have been during the first nine months of 2011 due to delays in the processing of foreclosures caused by continuing foreclosure process issues encountered by our servicers, changes in state foreclosure laws, and new court rules and proceedings.

Well Brian ethics and what it entails is subjective on an individual basis.If you are an astute buyer it is not your job to protect the interests of the seller or school them.What constitutes a fair and equitable deal is in the eye of the beholder.The law and ethics are two very different things.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

Spencer,Texas does Tax Deed sales and they are usually the first Tuesday of the month.In Texas, the counties hire law firms to conduct the sales.

I kno the laws are more strict here, so what are other creative ways of structuring deals when doing options?

-Steven the Tax GuyYour guide to IRS laws rules and regulations.

Depending on your state law, more than likely you are still in contract.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

This means that if you passed away your half interest in the property would have to be part of your estate and have to be probated in accordance with either your will (which you should absolutely have) or state law.