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Updated about 7 years ago on . Most recent reply

Kim McCarthy's profile image
Kim McCarthy's profile image
Kim McCarthy
  • Real Estate Agent
  • from Bradenton, Florida
  • Member since Nov 18, 2015
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Kim McCarthy's profile image
Kim McCarthy's profile image
Kim McCarthy
  • Real Estate Agent
  • from Bradenton, Florida
  • Member since Nov 18, 2015
Connect
Kim McCarthy
  • Real Estate Agent
  • Bradenton, FL
0
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General Real Estate Investing

Bought an investment property with seller financing...

Kim McCarthy
  • Real Estate Agent
  • Bradenton, FL
Posted

If someone is purchasing a home for their parents to live in, seller is holding the mortgage, as investor the Dodd Frank rule doesn't apply.  Would Dodd Frank apply if the parents are on the purchase contract as buyers, but not on mortgage?  I guess the question really boils down to- Does Dodd Frank look at resident status of buyer's of property or the residency status of the "Mortgagor" buyer? 

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