Remember that effective real estate investing can be slow going at first.

The law states that any default in an installment contract voids that contract and that the security lien or agreement becomes effective for the property sold to be secured reverting back to the seller.

It effectively halves my costs to get this direct mailing campaign ball rolling.

And I like to think I'm semi-engaged in the world.

I personally think it's a good idea to set up a business entity if you are engaged in any business type activities.

In a nutshell, it will be much more difficult to get approved for a loan, and fewer choices.There are countless sources for the details of this reform, and it's rather wide-sweeping, but here's a summary of how it affects mortgages:http://www.quickenloans.com/blog/new-qualified-mortgage-rules-effect

You might wanna read all the posts about the upcoming Frank Dodd rule that takes effect next month.

During the time prior to a lawsuit being filed, the owner of the property can purchase a bond in the amount of the lien to effectively remove the encumbrance until a judgement is finalized.

This business is all about cost effective mgmt, and your learning this head on.

I'm going to read through this thread a few times more to get the full effect :)Josh