EXHIBIT 10.2
                  CONSENT OF LAW OFFICES OF JACK G. ORR, P.S.



                                  [LETTERHEAD]



                                 July 15, 1999



    We hereby consent to the filing of our opinion regarding the validity of the
Investment Debentures, Series I as an exhibit to the SB-2 Registration Statement
of SFG Mortgage and Investment Company, Inc. We further consent to the use of
our name in the Prospectus and Registration Statement.



                                          LAW OFFICES OF JACK G. ORR, P.S.