I would suggest anyone considering this get very familiar with the laws surrounding seller financing, both at the state and the federal level.

., mortgage) or involuntary (state or federal tax, judgment, etc.)?

It's important if you don't want to be seen as being foolish or unethical by asking professionals to do unethical things.Foreclosures are available when public notice is given.As tempting as this area of RE might be, it is a highly regulated area by federal law and many of the investor schemes can get the novice in trouble. :)

This is pretty much the way other federal laws and regulations are applied in financial matters.The opinions of the regulators would have to be pretty far fetched to have their interpretation to be struck down.

And the discount on rent may taxable income for him , I remember a guy that worked at an apartment complex who got a free apt , but they 1099 him the value of the rent

It's my understanding that marital status is a separate state's issue, not federal fair housing.

Soas you see you get a tax break for holding longer.Regarding other questions, if you have occupied a property 2 out of the last 5 years you can sell and exclude any taxable gain of 250k or if married up to 500k in tax free gains.Take a look at a 1031 exchange this will allow you to DEFER your taxable gaiin on a property. there are quite a bit of rules and regulations to follow to qualify for this exchange.

Because mortgage fraud can involve different crimes at either the state and federal level, the potential penalties associated with the crime differ widely.

The banks are audited and regulated on the state and federal level depending on how their charters are set up.They have to show the loans are underwritten with extreme controls incase of a default so they don't lose their jobs or worse face indictments for mismanagement of a bank.Some Canadians choose state here where TD bank branches are located.

State requirements vary and all require a background check.as required under federal requirements.The RMLO license sets you up as much to being a MO as an agent's license allows a RE agent to be hired by a real estate brokerage, but you'll be an employee of a lender in most situations.