New York foreclosure laws, Federal foreclosure laws, bad borrowers, bad tenants and bad lenders all mixed up together have made the foreclosure timelines exhaustively long in NY.

It's as fast as money can move via ACH and through the federal reserve without someone taking additional risk.

They told me they don't "normally" write loans that low but they did...Shell federal credit union advertises that they will "work on any loan" you could try them...look for small banks.

I own a large portfolio of real estate in Boston and I have just purchased my first two buildings on Federal Hill.

This is not true under federal law regarding mortgage foreclosures.

If it's state or federal tax liens, they would get wiped out after the right of redemption expires. 99 times out of 100, the foreclosing entity will pay the back taxes (property taxes) to avoid any issues with a potential tax sale down the road.

Online payment processing startup Dwolla has been hit with a $100,000 penalty by the Consumer Financial Protection Bureau (CFPB).Federal Trade Commission (FTC), due to possible unfair practices by the company's payment service Venmo

In fact, you probably want to spend some time with this attorney and have him or her explain the basic laws in your state and federally to maintain compliance, as well as to understand what you're getting into and what you must avoid.A good lending attorney will be able to provide you with an entire loan package containing a note, mortgage, personal guarantee, all the various statements and disclosures, affidavits, and even your lender instructions.

Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC.

Anti-competitive practices are well known and the been noted by several sources including:The New Your Times - The 6 percent Solution (link)Pepperdine Law Review - The Real Estate Brokerage Industry and Antitrust Implications: (link)The Economist - The great realtor rip-off (link)Consumer Federation of America: How the Real Estate Cartel Harms Consumers (link)The American Anti-Trust Institute - Competition in the Residential Real Estate Brokerage Industry: (link)Anti-consumer practices are openly acknowledged right here on BP!