I have one CC, Justice Federal Credit Union, that is my go to on all matters, and there are some I stay away from because lending is so stringent (meaning, they'll hold my money in deposit, but they wont lend me anything).

Maintain their property until their house is sold or returned to the lender via a negotiated deed in lieu of foreclosure.For qualified homeowners, these state funds may be used in addition to any other transition assistance that the homeowner may receive by participating in the Federal Home Affordable Foreclosure Alternatives (HAFA) program or in any other pre-offer short sale program.To learn more about the Transition Assistance Program's guidelines, and how your clients may qualify, please visit that program's website at http://keepyourhomecalifornia.org.

I realize the fundamentals will always be the same, but with changes in government programs, taxes, financing options, etc., how old is too old?

Detroit's problems come from two sources: an incredibly incompetent/corrupt government, and a total failure to diversify their industrial base over 50 years of decline.

If you don't know how to research law on legal databases like Lexis and Westlaw and have a thorough understanding of how the different courts (state and federal) interact with each other and the precedential value of cases, it will be very easy to get misled.

The SAFE Act both federally and state level may have guidelines around such an event like the loan needs to be originated by a licensed MLO, etc.If your general inquiry conversation can not get past the part where you say seller subordinate financing, omit it and see what happens.

However, those deals have not been owned by an extension of the government.

Sean,In my area that would be referred to as a "rooming house" and there are specific bylaws at the municipal level governing them: they can only be in certain areas and require a zoning designation / permit to allow occupancy that exceeds another local bylaw limiting the number of "boarders" in a single dwelling to three.As far as rental laws, check with your state's Residential Tenancies Act (or equivalent).

Under FEDERAL law, no individual/corporation/trust needs a license to own any firearm.

Clay, I haven't bought any government trailers, but they do spell out the process here: http://gsaauctions.gov/gsaauctions/gsaauctions/Scroll down to trailers to see what is currently available.You (or the owner) should be able to get a written offer for lease of the mineral rights.Depending upon how management intensive the rentals are, I'd try to get at least 2% a month in income of what I pay.