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Updated about 8 years ago,

Kim Bayless's profile image
Kim Bayless's profile image
Kim Bayless
  • Investor
  • from Hiram, Georgia
  • Member since Mar 16, 2016
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User Stats

65
Posts
20
Votes
Kim Bayless's profile image
Kim Bayless's profile image
Kim Bayless
  • Investor
  • from Hiram, Georgia
  • Member since Mar 16, 2016
Connect
Kim Bayless
  • Investor
  • Hiram, GA
20
Votes |
65
Posts
Tax Liens & Mortgage Notes

Would a wrap mortgage be fined under GA Mortgage License law?

Kim Bayless
  • Investor
  • Hiram, GA
Posted
Georgia law states that any company "who directly or indirectly makes, originates, or purchases mortgage loans or who services mortgage loans" must be licensed. Would this apply to my LLC if I did a wrap mortgage on a subject-to I purchased? Or could I make it work by using a servicer for the loan?
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