Real Estate
New Rules For Seller Financing
May 19, 2010 by Lainie · Leave a Comment
Seems the days of seller financing up to 5 homes per year is gone. Below is an article of interest regarding changes to laws covering seller financing. Sellers will now have to be licensed as Residential Mortgage Loan Originator (RMLO) in order to finance a property. The only exception to the rule is for a Primary Residence or financing for a direct Family Member.
