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Updated almost 15 years ago,

Jorge Garcia's profile image
Jorge Garcia's profile image
Jorge Garcia
  • Real Estate Investor
  • from La Mirada, California
  • Member since Nov 2, 2009
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18
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6
Votes
Jorge Garcia's profile image
Jorge Garcia's profile image
Jorge Garcia
  • Real Estate Investor
  • from La Mirada, California
  • Member since Nov 2, 2009
Connect
Jorge Garcia
  • Real Estate Investor
  • La Mirada, CA
6
Votes |
18
Posts
Tax Liens & Mortgage Notes

HUD Trying to Eliminate Seller Financiang

Jorge Garcia
  • Real Estate Investor
  • La Mirada, CA
Posted

Has anyone heard about HUD trying to eliminate seller financing on non-owner occupied homes?

It has something to do with their interpretation of the SAFE Mortgage Licensing Act.

They apparently want to eliminate ALL seller financing unless the seller lives in the home or becomes a licensed mortgage originator.

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