Fannie Mae, page 82 of their latest 10-Q says "...foreclosure levels were lower than what they otherwise would have been during the first nine months of 2011 due to delays in the processing of foreclosures caused by continuing foreclosure process issues encountered by our servicers, changes in state foreclosure laws, and new court rules and proceedings.

I listed on MLS through entry onlyBuyer came in with agentBuyer had no written contract with agentAgent submitted formal offer to purchaseI refused---It was too lowBuyer came in with other agent and submitted a higher offerI acceptedFirst agent now says that according to MLS rules I owe first agent the commission because that agent procured the buyer and was in middle of negotiationSecond agent says that buyer was not satisfied with performance of first agentAgain, first agent had no written contract with buyerIs first agent due a commission??

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

My guy is that, if you're unclear on some of these basic rules, you're probably not be overly aggressive in your tax savings -- a good tax guy *will* save you more than he costs you.

He was told new rules went into place on Jan 1 of this year which would make it very difficult, if not impossible, for him to get a new loan.

Hi, Is there a 30 day rule for Banks not to allow investors in Calif to have their completed Rehabbed property in Escrow before 30 days?

This does *NOT* include debt service.A lot of times here on BP, we talk about "the 50% rule," which is basically just shorthand for assuming all expenses will come in around 50% of gross rents.

You will however, want to be sure the property is kept as a rental for at least a full year before you move in(this is based upon intent, there has not been a specific ruling as to a required time frame.

I initially looked into the LV market for a rental that would pass the 2% rule.

I have read the bills and anyone that is devising schemes to skirt the rules is doing so at extreme risk IMO.