There are laws and reg's in NY that most states do not have.

Jason lots of fraud and criminals out there trying to make a quick buck.You could be sucked in and chosen "guilty by association" in the deal.We have a saying in the business.This deal has "too much hair on it" and you need to walk away.Many of these techniques with short sales squeaked by 3 or 4 years ago before bank guidelines were in place.Now with systems you cannot get away with anything if you wanted to.Before there were shades of grey that were closed out.I would see buyers write up a bill of sale and pay the seller 4,000 for JUNK for personal property.At the time certain things didn't have to be disclosed.Short sales made up only about 1 percent of loans when the market just started turning.So anyone looking at short sale techniques make sure they work TODAY and not from years ago.You will pay dearly for using old techniques that can get you in trouble that are not allowed today.You have to adapt and structure deals to stay in compliance with the ever changing laws.

How does he 86 tax law effect you?

Just don't try to deduct mileage to inspect that property ;) -Steven the Tax GuyYour Guide to IRS laws, rules and regulations.

Make sure your property meets FHA miminum standards for safety, soundness, and security. 2.

And while I don't how much MI marital law differs from CA law, if he's wanting to keep the house for himself, you have to agree to that amount.

I'm not familiar with Texas landlord tenant laws, but in Florida I think this would be pretty illegal.

I'm sure there's a law that can be easily referenced in the CA Civil code or some other legislation that tells me why I can't do that... but basically the question is this:If I buy a property, distressed or otherwise, and it has a tenant in it that can provide a valid lease at market rate, I am under the impression that I have to honor that lease regardless of its terms or duration.

This provides a great shaded covered pation are below.You might consider a small kitchen area, 6' of cabinets, a fridge hook up and a small sink bar, it can be a wet bar or with a bedroom down there a mother-in-law quarters, especially near a hospital where someone is caring for a parent.

It is a serious offense, and while people in this country, by law, are innocent until proven guility, even some guilty get off!