Real Estate Technology
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
looking for RMLO in TN for owner finance deal
Hey BP,
I'm looking for some help from the group.
I'm selling a recent rehab with owner financing. The plan is to generate the note for the buyer, discount it, and sell it to a private long term lender.
My understanding is that to comply with Dodd Frank requirements, the buyer needs to be qualified through a residential mortgage loan originator?
I've made a number of calls to Johnson City TN area mortgage brokers, but no one seems to be familiar with an owner finance deal like this.
Can anyone refer me to a broker or independent loan officer that is familiar with owner financing deals?
Any and all help is appreciated.
Thanks,
Jay