According to the American Land Title Association, the following types of loans do not have to comply with TRID:Home-equity lines of credit Reverse mortgages Mortgages secured by a mobile home or dwelling not attached to land No-interest second mortgage made for down payment assistance, energy efficiency or foreclosure avoidance Loans made by a creditor who makes five or fewer mortgages in a year And, in addition, 100% cash transactions (no lender involved) are also exempt.

The owner is pretty much stuck, the use of the property is very limited and the lack of financing alternatives drives marketability down as it is also reflected in the value.

Let me know if there is anything I can assist you with or set up a search portal.

Bill and Abby,I am on the Vos Team @ Atlas Real Estate Group and we specialize in assisting investors find the right income property.  

If you ever need any information on Santa Barbara, I'd be more than happy to assist you.

Thank you BP community in advance for your assistance! 

At this  Time you're supposed to update the disclosure to reflect that finding   I would not be keen on the idea of a buyer bringing in somebody that's not being paid as a professional to make suggestions that may not be all that accurate.  

I have been advised, as a newby, I should find a way in to a prestigious RE Office with a well know agent, be an assistant while I take the REL course.

Under a county program, I qualify for an income-based first time home buyer loan with these terms:The loan requires 3% down payment  No mortgage insurance  The maximum loan amount is $417,000 Provides first time buyers with up to 25 percent of the purchase price to assist with the down payment and closing costs.When it comes to resale values in these loans, there is a set price value when selling: "The Set Price is calculated as: original price paid, plus annual appreciation based on increases in the Area Median Income (average 2-3% annual appreciation), plus the cost of capital improvements made to the property.Is anyone familiar with these types of loans? 

Make sure you clarify the difference between a bird dog, a wholesaler and just a prospecting/lead generating assistant, which is what bird dogging really is.