Your mother should have some sort of entity, a corporation or LLC, and the lease should be done in the entities name.

As a Trustee, Corporate Officer, LLC Managing Member, if I add “and not individually” after my name, I bear no personal liability for loan repayment, and can hand the property to the lender if I can’t make things work out.4.

No need for a corporation since the income is passive and you won't need the ability to split income between salary and distributions.

I think we are in for a long bumpy ride and I agree with Will that this will have serious implications for Americans and our standard of living.

Paul, I'm not insulted, but its not like the banks haven't given us sufficient reason for the "banks are bad" feelings.They screw millions of americans out of hundereds of billions of dollars.

you need to go to your State Corporation Commission office of the clerk.since all LLCs are registered, there is a database for that...i was able to find addresses and owners (if not the owners then the 'guardians') and then did a reverse search though the online white pages.good luck!

Thanks guys for the responses. it appears that most of what's been sold in the area are REOs and 'Corporate-owned' (same as REOs i think)but I didnt want my search to extend beyond 6 months.

I would have the current owner get them out before closing.The tenants now are being nice because they are not paying rent.What happens when you buy "as-is" with the current tenants and then are not nice and go to evict them.They can cause thousands of dollars in damage and leave you a ton of trash to clean up because they are angry at you.I would much rather have the current owner evict them and then if there is damage I can drive down the purchase price even further to compensate for it.People need to see that you are not just a person but a corporation.The building I have I filed for eviction on many tenants.Previous landlord would flip flop and listen to the sob stories.In return they talked trash about the landlord and treated the building in the same manner.My PM let's them know a corporation runs it now and there is no negotiation or excuses.You simply pay the rent or you will be evicted IMMEDIATELY.You did not create these people's lives or situation.At the end of the day we all have bills to pay and people to answer to.I have had tenants tell me they have no money yet pull up in a Cadillac Escalade and have a Sony 55 inch flat screen in the living room.They have the money they just don't want to alter their lifestyle to pay the rent.That's fine with me they will just be doing it elsewhere and not on my dime.

George Bush was willing to flex the American power during his eight years, which made that dislike worse.

For the BB, it will be the strong corporate foundation and the integration of Dataviz to view Word/Excel/PP docs.