Recently discovered that Adam wrote a very good article on FHA 223f loans.

It can and most likely will go to appeal after appeal and possibly all the way to the supreme court.When an institution makes a unsustainable loan and then and sells it to investors, that entity may commit a fraud against the investors, but not necessarily against the borrower.

You might get some good suggestions from area mortgage brokers, agents, lenders, title or others in the real estate industry as well.Real estate is a people business it can be well worth your time getting out building contacts and discovering who others are using and why.When choosing a CPA, you will want to find one that has some experience with real estate investing transactions.

When their true value became apparent, various big insurance companies, brokerage companies and banks discovered they had a lot less money than they thought they had, and had to be bailed out by the Feds.

I know many here vehemently opposed the financial institutions' bail out of 2008 & 2009, but here is the question.

Eddie -- the local Historic Commission could have STOPPED my roofing work and FINED ME $100/day or more UNTIL I had the proper Certificate of Appropriateness if they had discovered the ongoing work.

All that matters now is that the bureaucrats that run the banks (now quasi governmental institutions) fill out all paperwork correctly and have no spelling mistakes.

And unless you are financial institution you will not be allowed to carry a second lien for your buyers. especially if you are the seller.

Vendor finance (seller carryback) is done to a limited extent for commercial properties owned by institutions, but almost never for residential property.

Bailing out failed institutions and companies WTF if a company or an institution is insolvent it should be allowed to fail.