I think that what you are referring to is a law to help homeowners with their estate planning.

Then, of course let the rental income cover PITI.Does anyone know if any of the above is outside of the law, or have any other thoughts?

to get maximum exposure to the market.Also, the pricing of the short sale will be fixed by the bank in a Broker's Price Opinion (BPO) according to the comparables, so no matter what price your homeowner agrees to, it has no standing when the bank names their price for the house.I only way I can see you making money on this is if you either refer it for a fee to a short sale specialist in your area (please check to see what the referral laws are in your state) OR buy the house yourself if the BPO comes in at a good price.

These 2 cost a little but can save your butt from law suits.

There's a real need here, and there's a disconnect between the need and the law," he said.

I just drove by there Sunday on my way home from visiting in-laws in Jersey.

So we get to write off 100k in stolen property this year..... so sad.... beware of renting furnished housing.. there are few laws protecting you and even more that DO protect the tennant.

Now the tenant is breaking the sec 8 law as well as the landlord by paying money under the table.

Are her brother and sister in law on the lease?

Truth in Renting Act Notice: The following notice is required by Michigan Law (MCLA 554.634).