If you have a croporation as apposed to getting taxed as an indivdual there are slight differences between their tax brackets (indivdual is usually better), but the profit is not in the bracket itself but in the incentives that one can utilize under corporate law.

My mother in law lives in Fishers and is a licensed agent.

It all depends on the laws governing that Tax Sale.In any case, you can either have a title search conducted on the property prior to your purchase/bidding, or afterwards (if you are sure you are going to bid-on the property).

Is he siting the wrong law?

Technical Guidance:This program is authorized under Section 245, National Housing Act (12 U.S.C. 1715z-10); by Public Law 73-479; Housing and Community Development Act of 1974, Section 308; and by Public Law 93-383, as amended.

Hopefully, you have CYA letters and letters/contracts that have been reviewed to be compliant with the laws in your area and don't have to worry about that.

MD has some pretty tough laws regarding foreclosures and I was interested to know if anyone else out there has tackled short sales in MD and what advise they may have to offer.I have been impressed with the knowledge and responses that many people have to offer on this site and can't wait to post some stories of my future experiences for everyone to read.Thanks for any suggestions you may have.Jonathan

Have a look:Maryland foreclosure law

After completion of the short sale, I would prefer to sell the property for a profit but MD has a state law that requires Foreclosure Purchasers to pay the original homeowner 82% of the net proceeds if sold within 18 months of a foreclosure reconveyance.

There may be some time limit when that becomes impossible, but I no idea when that is for your area.However, if these are in Maryland, you better check the Maryland foreclosure law.