Obviously, deposit and balance of purchase price above any new mortgage as well.Certainly, some markets have prevalent practices which may vary somewhat.

You need to post EXACTLY what your local laws call for.

The youngest person at a law firm does not usually have the respect of the older partners.

Brian,Check on the licensing laws.

The Law of Attraction says that quality people who are able to help will find each other and move forward.

I'm trying to understand the line here, and obviously, laws vary from state to state, and most people here likely aren't RE attorneys, but,what can a person do that is known to be illegal?

IMHO preforeclosures are but one method to obtain properties; by using multiple methods you would find more deals; the law of averages will work in your favor.Best of luck

Yes but only if you know exactly what you can and can not do.Viable and practical.

I would like to hear from my fellow New Yorkers so we can compare notes and follow the laws and trends effecting our investments.

I dont know if there is some crazy CA law about not taking a contractor and appraiser in but i think it is a good idea.