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Updated almost 14 years ago on . Most recent reply

User Stats

25
Posts
13
Votes
Thos. A.
  • Real Estate Investor
  • Outstate, MN
13
Votes |
25
Posts

Seller financing and the SAFE Act-2011 and beyond

Thos. A.
  • Real Estate Investor
  • Outstate, MN
Posted

Can't find any recent info. Apparently HUD told all states to enact their own version of SAFE or be subject to federal rules, so they all did that. How aggressively is it being enforced, has anyone been made a "test case? I worry that small investors that a small investor might get busted for selling a house on seller finance terms, Contract for Deed/CD or Land Contract. Is it better to avoid this completely and just sell on Lease Options, which aren't equitable contracts?

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