@Andriy Boychuk,When someone try to advise you on the note laws make sure you ask for references or better talk to a lawyer.

Since you are not financing the sale, the seller financing issues you refer to are not yours.

Nevertheless, in response to commenters' requests, the final rule provides a non-exclusive list of methods that issuers may use to satisfy the verification requirement for individual investors.The methods described in the final rule include the following:Reviewing copies of any IRS form that reports the income of the purchaser and obtaining a written representation that the purchaser will likely continue to earn the necessary income in the current year.Receiving a written confirmation from a registered broker-dealer, SEC-registered investment adviser, licensed attorney, or certified public accountant that such entity or person has taken reasonable steps to verify the purchaser's accredited statusThe underlined/bolded item above leads me to believe that this guidance is only for reference and one can do their own, independent process provided it is reasonable.

I'll surely refer back to this post as I try to sort things out.

They could suggest a Realtor that they use and in return that Realtor would be able to eventually refer you to someone in NC.

Obviously I have no clue of the land area you refer to in MS, perhaps it's worth $50,000 and you can get it for $5,000.

I just made $500 referring a contractor to a home owner who used them to redo their kitchen.

It's not necessarily you that I'm referring to in the assumption of motives department.

One of my other tenants referred someone to me and I didn't even advertise it.

We will close in about 30 days.I don't know if you guys are referring to escrow states as well as attorney states.