Recently because of Obama and bigger government HUD has undergone many changes.There are now multiple MMR companies handling different parts of the country with their own set of rules.On an broker/agent forum I frequent the new system is absolute insanity.It's like coming out with a new computer operating system that has 1,000 bugs in it when the old one was streaming along perfectly.The brokers and agents are having fits with the new system not recognizing their offers,canceling them,showing active when pending,getting assignments when they are already assigned etc.All I can tell you is these types of items are simply out of the brokers/agents control.HUD does have owner occupied periods but as an investor you can still submit your offer but it won't be considered until after that time.Just submit it again.

It is also recognized by the US bankruptcy court with much case law upholding the vested interests of the buyer.The LO on the otherhand, depending on your state and many times its case law, may not afford you the same protections.

They recognize that if they fail, it doesn't mean they're a failure.

I think everyone is getting messed up here.Creditors do not give a rats as$ about a divorce decree for the judge.This is one of the most common credit problems I would run into working with buyers on the residential side.The buying party would claim their former spouse was ordered by the court and did not.Therefore the credit companies came after them for payment and they either didn't have the money or wouldn't pay it.The credit companies on joint accounts that were formed before the dissolution of marriage do not recognize divorce decrees.The credit company sees it as you BOTH owe the debt.This is why I keep separate accounts on everything.I love my wife dearly but I was divorced once before and having everything separate made it so much easier later on.So unless you get a release from the company the legal standing is you signed an agreement to be legally responsible for that debt.Even with a court order she can say she doesn't have the money to pay.If that's the case you will have to pay them off or ask for a reduction in the interest rate on the credit card.Are these cards frozen now meaning you are just paying off the balance??

Looking forward to meeting you in person and you better be wearing that blue polo short so I can recognize you in the airport!

For the latter be sure to "interview" the payor before purchasing.

Whether you are buying in your personal name, an LLC (which is not recognized by C.R.A.), a C-Corp, or one of numerous types of partnerships, you will create different tax implications for yourself.In addition you can't use things such as the 1031 exchange (also not recognized by C.R.A.) unless you are structured properly.If you need any help feel free to contact me and I can put you in touch with various people that can help you to be strategic in your investing.Mike Wolfhttp://MikeWolfMastery.com403-399-3464 Calgary702-812-9695 U.S.888-265-0662 Toll Free

So the IRS basically says that with installment sales, with a gain, you realize it over the life of the contract; with a loss, you must recognize it all at once:http://www.irs.gov/publications/p537/ar02.htmlShe actively manages the property.

Good Luck and I hope your interview happens

Just recognize the red flag for what it is, and say, "next!"