Rents will only be able to be adjusted to what the going market rate is AND even more important, you will have to honor the previous owners lease with the tenants until it expires according to state law.

Philly is really strict about transfer tax and there is probably no way on a transfer not to pay it.

California hoa law is the Davis-Sterling Act, I think, and that spelling may be not quite correct.

Maybe two.Now, you combine that with dems talking about changing foreclosure law to keep people in their overpriced homes as a necessary provision to get anything passed and wow.

Would you suggest I try again with a letter to the same list (law of repitition) or should I make an assumption that my list is bad and go out and buy a new list of absentee homeowners?

Learn you local and state laws and customs.

http://www.huffingtonpost.com/2008/09/22/dirty-secret-of-the-bailo_n_128294.htmlDirty Secret Of The Bailout: Thirty-Two Words That None Dare UtterDecisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.more at linkofgift

There is a little known precedence regarding predatory lending practices that could allow you, under law, to stay in your property and seek restitution in the form lost equity.

Although the law provided $18.3 billion in additional funds, the agency requested only $4.6 billion and did not even use all of that.

It probably already is against the law.