On May 25, 2012, the Consumer Financial Protection Bureau (Bureau) issued a Proposed Rule (Rule) which, if adopted, would govern the process by which a "nonbank covered person" may become subject to the supervisory authority of the Bureau.

From my experience it is easy to get a judgement.It is very hard and time consuming to collect.Therefore especially on any tenant that is questionable you have to get a large security deposit to compensate.If you don't you will be sorry later.For judgements you can try the bill collector route but it almost never works,you can try an attorney but that doesn't work,you can do it yourself,or hire a judgement collector company.You have to make sure the past tenant is not "judgement proof" and will just file bankruptcy or has nothing to lose to begin with.After years you might collect some of the money.The best thing to do is either hire it off to a "judgement collection company" where they pay for court costs and collection split what they collect 50/50 with you which can take years OR you can sell the judgement to them for maybe 15 to 20 cents on the dollar and they pay you today.The judgement has to be for a certain size and they will research the debtor to see if they are judgement proof before offering the cash upfront.

Consumers owe it to themselves to keep their options open or else they have no one to cry to when they become victims of their own complacency.If you are trying to create value out of service instead of price... say it.

I'm not going to take the creditor's side immediately and place ALL the blame on the consumer.

The SAFE Act is a large document and about 3/4ths of the way there are several paragraphs concerning dealers and seller financing, of residential property, basically that if sales are done as a business or non-owner occupied that a mortgage originator license is required or an MO to be used.The CFPB consumer financial protection board is a newly established agency that will have oversight of all consumer financing to include installment sales in real estate.

The stress is taking a toll on my health and I am considering stop paying all mortgages.Once foreclosure happens I would consider filing chapter 7 bankruptcy to avoid any deficiency judgments (I live in NY).I have no consumer debt only the debt on the properties which is all in my name.I have a day job where I make approx $80k/year.

And yes, there is a connection between the people responsible for this rate manipulation and that certain person seeking the Presidency, that said, this is not to point out any political issue, please let's not go there, the subject is the ramifications of the rate manipulation and rates going up for credit cards as well as mortgages or other consumer credit matters.So, how do you hedge against a rigged system?

I'm consumed with the idea and have to solve this riddle.How could a multifamily owner use their property to generate an income steam equivalent to their gross rent?

I haven't had the time to spend researching myself on how to enhance the performance of my advertising.

It is very time consuming to DIY unless you are pretty knowledgeble with it.