After they go to 5 days I would probably charge a late fee as allowed by law in your state.

Make friends with a title officer and they will give you access to systems that let's you pull any document you want.If you have MLS access, the ones in California come with a First American product called Realist that gives you basic ownership info for free.

I think at the stage where they are just applicants, while you do have to be fair and follow the law, but you also have to think primarily in terms of your own interests, not theirs.

I would check into Georgia law regarding this to see if it is an option for you.

Dominic - I agree with the previous posters about checking your local law to verify that your able to do a MLO.

I think the growing demographic of older Americans, empty nesters and other individuals and couples would be thrilled to not have to rent, share space, or pay larger utility bills and maintain a space larger than needed.

Check CA laws on how to do it.

Not knowing laws and licensing agreements can get the property owners in trouble based on your actions.

It depends on state law and at what stage to foreclosure process is in.In Texas, if they have posted the notice on the door of pending foreclosure and Sheriff's auction, then the bank cannot deal with you at all.

No mortgages allowed.If this bill becomes law it would seem it would have a positive impact on the real estate market, and for some of you here.Here's a link to an article:http://economictimes.indiatimes.com/news/nri/visa-and-immigration/us-homeowner-visa-invest-500000-in-property-and-stay-in-america/articleshow/10443154.cmsAny thoughts on this?