Screening buyers for seller financing and wraparounds

[Justin Webb]

Hello BP,

For those of you out there seller financing and using wraparounds, what tools, websites, or packets do you put together (ie background and credit checks) when screening  potential buyers using seller financing or wraparounds. Less than 5 per year. I understand Dodd Frank and Safe Act require a licensed MLO for more than 5 seller financed homes within 12 months. In that case, they put the packet together anyways.

[Andrew Postell]

@Justin Webb maybe try this post in the "lending" forum for better responses?  There is a "creative" financing forum.  Try it there and see what you receive.