She might be able to effect a sale after a partition but that likely means she can only sell her stake.

Im not sure the bout everywhere, but in Texas there was a law effective sept 1, 2007 (156.201 License Required) stating that you need to told a brokers license in order to create 5 loans or more, this includes owner financing and hard money loans There are some exemptions (156.202) which state an individual who makes a mortgage loan from the individuals own funds. , also talks about one who does not regularly engage in the business of making or brokering mortgage loans one of our recent REIA's we had a lawyer discussing this, and he kept mentioning how theres alot of gray area, and there has not been any cases where this was brought to court, My undestanding is, if your owner financing the properties, you'd be regularly engaging in the business and could be found guilty. the lawyer wasnt even sure. just dont get caught.

My biggest question for now is: I have heard that Minnesota has a new law thatwent into effect 8/01/07, that might affect a REI doing his work with pre-foreclosures.

You need to do your research it could take anywhere from a few weeks to a few months.What's the effect if the eviction takes the entire time?

I have been thinking of reaching out to Asset Managers and Bank Compilers personally to see how far I can get...do you think that would be effective or are these people hard groups to reach?

Of course, if you have trusted relationships with cash buyers, that is about the same effect!

If the people you get in bed with on deals are shady, then you in effect become shady with them and your habits become shady.

I am 25 and 8 years younger than any of the other partners at my firm, so I know how age can effect things.

But, it may produce an "echo boom" sort of effect when the protection expires.There have been a series of series in the Denver Post that talks about the whole foreclosure situation.

are they dealing w these problems more effectively?