Here in Canada, the Tenant is protected by PIPEDA {Personal Protection and Electronic Documents Act} - a federal privacy act.

An attorney will assure you are abiding by the federal and state laws.Every state has unique laws.Every state has unique legally acceptable legal forms.The attorney will also provide the best advice and options for your specific needs with a consideration for your future.

She may no, or very little taxable gain.

An attorney will assure you are abiding by the federal and state laws.

@David Guzman , first off while some state law might apply, it is my belief that it is a matter federal law, or at least a banking regulation involved.

That sounds like a great time.I think any reasonable person can see why an 80% would be preferred over a 90% in this case.Also, the federal government should have absolutely no right to tell the states that something like this has to be mandated.

Busby ("Buyer") purchased a home using a federally insured loan.

As to FannieMae, it's powers are limited to setting lending regulations for participating lenders, they do not have federal regulaing powers like HUD.

You are probably also going to have a lot of write offs/tax deduction and that is great for lowering your taxable income but not as great when an underwriter looks at your income for qualifying to buy a home.

I saw too, where the attorney suggested servicing, very good suggestion, what he didn't point out is that a seller who collects amounts for impounds, taxes and insurance, can come under the gun of federal mortgage servicing issues, they are collecting amounts as a sub-servicer and forawrding to a servicer without a license, has nothing to do with the SAFE Act.