Hey Joe,Thanks for the comment.

Any comments are appreciated.

That is from the federal side and is applicable to all loans, consumer, commercial, private, institutional, any note.Next, you get involved with a borrower using that money, controlling business or influencing operational decisions you are stepping outside the lending arena and taking on new liabilities that can place your funds at risk if there is any failure.Another comment, any fee paid that is required to be paid to obtain any loan is a cost that must be accounted for in settlements, there are a number of underlying laws depending on the type of loan but all loans and associated costs will be an issue under the tax code.There are thousands of attorneys out there I'm sure that do RE and think they know financing laws and regulations, they may have done them for years, doesn't mean they really know and most will never admit not knowing.Every bank I've seen had an attorney, all have legal advice and as I mentioned, there won't be a bank or any other lender around, that really makes loans that won't have some compliance issue.

He did mention that the lender made a comment as to her trusting him, so I suggest she did the deal based on trust rather than seeking competent advice.

They only need that part that addresses the authority to act, not the entire agreement.Hopefully John might comment on the most popular approaches taken to pierce the corporate veil.

Also, I haven't had to use a bank loan to build my portfolio, either.My comment was inspired by a few associates in the mortgage industry that are really concerned about their business being adversely affected… to the extent that they are considering other options for work.Having said that… even if it does only apply to FNMA and FMCC backed loans, I can imagine there will be reverberating affects to the conventional loan market.

But I plugged in some key words today and they led me to your comments.

@Michael Walker glad you like the pitch :) I don't market to expired listings, so I couldn't comment on your next move with respect to expired listings.

I come back to the office this morning and see so many quality comments.

I have forwarded your comment on to my partners who work the Worcester market just in case they have anything available that they are selling, although I think they are still in acquisition mode.