I'm in Durant.

There are 3 types of LO's a straight lease option where you own the property LO assignmentand a SLOYou can't (per the law) do a SLO in TX because the seller has to have FST. 

Investor to Investor there is no Dodd Frank, so you can draft a LO or a note any way you want AS LONG AS YOU ARE NOT LIVING IN IT.Investor to OO or Owner Occupant, like a tenant buyer or owner financing buyer, I would use a RMLO, have the buyer fill out a 1003 and see their ability to repay as per the CFBP's reqirements.http://www.consumerfinance.gov/regulations/ability...

@Joshua Kapp I am cruising L/O posts for information and specifically had this question!

This may or may not be true as they might forget Bob next door built his fence about 7 years ago and lo and behold it is 3 feet on to your property.

I'm a newer LO broker Almost 2 years now. 

Reading it shows me that most sellers, in Texas,will probably want to avoid a LO.

Your go-to LO for the first position mortgage might be able to provide a referral. 

@Andrew Schuster I sent you a PM with a list of LO's that can help you with that. 

Lo and behold, this is why something like 1 in 3 preapproved buyers does not actually close escrow (source).