So, in keeping with the nature of the forum, what are you doing to become compliant with the new regulations.

A licensed servicer will keep you compliant with most laws.

Your response to the compliant filed will include an "Affirmative Defense" where as a function of answering the foreclosure complaint you ask for the court to ensure the plaintiff is the current and correct legal owner of the note and mortgage and the amount owed is correct and that no fraud during the origination took place.

There is nothing at all in-compliant about Strongbrook, and bottom line is it works WELL!

Generally, if an accepted lending activity is regulated by law it will first be viewed as being compliant under those restrictions and not under SEC, unless that activity takes on more of the flavor of a security activity in light of various issues.

My question is, since the time and expense it takes to be compliant is so small, why risk it?

How do you deal with the current non compliant notes on the homes?

A church is a specialized area, ther is a national brokerage for churches as well as religious financing conduits that you might search for, a church is really not down the alley of a commercial broker unless they can get a change of use type client.If it's really a residence, non-compliant ADA bathrooms, etc, you may need to clean the place out presenting it for what it should be. :)

We should jump on the park side and then use a 3rd party Mortgage Loan Originator to sell the MHs within the park.So far I've not read where doing Lonnie deals through a Mortgage Loan Originator makes you compliant.

He did revise his appraisal higher but then asked me to perform some unnecessary modifications to the back door and side gate because he said they were not "pool compliant" My realtor complained and sent the city ordinance showing my house was already compliant to the lender who forwarded it to the appraisal management co.