HOAs are legal, usually not for profit, or, non-profit corporations, incorporated under state law.

Then again, these laws depend on the state.

The law allows any plan the option to have a loan provision but the documents that a lot of different banks and brokerages provide do not let you have them.

Laws vary state by state, but are you sure you need to have the contract notarized?

All we want is lawful retribution[/i]

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.