Posted by Jim FL on June 09, 2006 at 10:46:33:
I just began reading this law and studying it.
Since I’m not there anymore, its a low priority, BUT, I still wanted to understand it, since folks think it will spread.
Anyway, so far, it seems to me, should an investor, like you and I, buy a house from someone in foreclosure, as long as they don’t agree to sell back, rent back, the house to the sellers, things will be fine.
Since I’ve never allowed a seller to remain in the house, so far, it seems this law would not effect the way I do business.
Then again, I’ve not read it all…yet.
Let me know your thoughts,