DefinitionsAs used in this subchapter --(1) The term "Bureau" means the Bureau of Consumer Financial Protection.(2) The term "communication" means the conveying of information regarding a debt directly or indirectly to any person through any medium.(3) The term "consumer" means any natural person obligated or allegedly obligated to pay any debt.(4) The term "creditor" means any person who offers or extends credit creating a debt or to whom a debt is owed, but such term does not include any person to the extent that he receives an assignment or transfer of a debt in default solely for the purpose of facilitating collection of such debt for another.(5) The term "debt" means any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance or services which are the subject of the transaction are primarily for personal, family, or household purposes, whether or not such obligation has been reduced to judgment.(6) The term "debt collector" means any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the collection of any debts, or who regularly collects or attempts to collect, directly or indirectly, debts owed or due or asserted to be owed or due another.

The state may not set a fair market value for these kinds of assets, there is no book value nor is there an appraisal of such instruments (at least not now because I no longer provide such appriasals)!

If so does that make it into a fix instrument where you can more or less pencil out the cash flow for an investment lifetime (i.e. when your will get executed)?

Thanks Rich and Nick, you guys post have really been instrumental in me seeing the "light".

Judge Foster ruling contradiction to law and his online interview with Attorney Lucy Rivera. https://vimeo.com/115307836From Massachusetts Land Court Guide 2015.Land court chief title examiner must approve all bankruptcy instruments.

If I wasnt building my own homes and selling them, then my house just becomes an instrument for my family to use with not much financial upside.

I have some properties here in the Portland area, but am also investing in the Kansas City Market.I had all the same concerns that you have expressed and jumping on a plane to spend a few days in the market, meeting the local operator that I was interested in working with, and physically seeing their work was instrumental in getting over my "mental hurdle" of purchasing out of state.PM me if you would like to meet up.  

Section D1-4.1, Information Relating to Transfers of Ownership Applicable to All Mortgage LoansD1-4.1-01, Determining Whether a Transfer of Ownership Is Permitted (11/12/2014)[…]D1-4.1-02, Allowable Exemptions Due to the Type of TransferUnless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:A transfer of the property … to …a limited liability company (LLC), provided thatthe mortgage loan was purchased or scuritized [sp] by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).

At least one borrower who signs the security instrument and the loan note must live in the home to fulfill the owner occupancy requirement."

Here is an excerpt from Fannie Mae's guidelines on POAs:Allowable Attorneys-in-Fact or Agents Under a Power of AttorneyExcept as otherwise required by applicable law, or unless they are the borrower’s relative, none of the following persons connected to the transaction shall sign the security instrument or note as the attorney-in-fact or agent under a power of attorney: the lender;any affiliate of the lender;any employee of the lender or any other affiliate of the lender;the loan originator;the employer of the loan originator;any employee of the employer of the loan originator;the title insurance company providing the title insurance policy or any affiliate of such title insurance company (including, but not limited to, the title agency closing the loan), or any employee of either such title insurance company or any such affiliate; orany real estate agent with a financial interest in the transaction or any person affiliated with such real estate agent.