You must mean having a great deal of experience and education in financial compliance, notes and business.

There are cost associated with the s Corp return and more compliance issues than a llc or sole proprietor.

I even had a bank tell me recently that they prefer (and can give better terms) to deal with an LLC because they don't have the same regulatory compliance issues as when dealing with an individual.The interest deduction for taxes is not threatened when transferring property to an LLC, as the LLC is essentially disregarded for tax purposes, and the LLC's financial results typically just flow onto your personal return.

There are also many other compliance issues for those who lend far beyond just SAFE Act, related issues.While enforcement was spotty in the past, it will not be spotty in 2012.

Here is what I found out: Ohio's SAFE Act enabling legislation, passed in July, 2009, made changes to both the Ohio Mortgage Broker Act ("OMBA") and the Ohio Mortgage Loan Act ("OMLA") to bring Ohio into compliance with the Title V of HERA is the Secure and Fair Enforcement for Mortgage Licensing Act ("SAFE Act").

Don't get hung up.State specific, but even in California, you don't have to form a company, website, and advertise to be in compliance with the law and not have to buy loans from a broker.

And, how do you know the mortgage is "legal" are you talking about financial compliance or did you simply mean the mortgage was perfected?

Last time I checked the burden of compliance with FIRPTA including withholding funds from the foreign seller is on the buyer.

Compliance is essential.

Obviously 100% seller financing would work best in most cases, (no appraisals/other dealings with banks for less fees and compliance) but are there other structures?