Due diligence and compliance issues must be incorporated into seller financed terms, you can't just devise any note and apply it to any borrower unless that borrower meets certain basic requirements.While it appears that the Act and other applicable laws apply to the lender, know that if an investor, as a buyer, presents the deal, does the financing and influences the seller they can also be liable.

My concern would be the note language does not properly address the concept and thus the Mortgagee would have conflicting language in the note itself to the allowed payment plan of the borrower.If the Payment language of the note is setup traditionally with a Fixed Payment over the course of 45 periods ($644.89) and the Mortgagee and Borrower made a side agreement (Forbearance Agreement) to allow for the irregular payment schedule than the 8 payments at $500 technically trigger the late fee penalty.

So it triggers a chain reaction of construction work and the job that come with it.

The numbers have not worked out where we're ready to pull the trigger on any of them so far.

Family photo seem to be a hit here on BP.Find a great deal in your local area and pull the trigger.

Either your seller is an executor of the will of a probate estate or trustee/successor trustee of a trust.Hurdle #2 - Slim chance your sellers will be able to access the line of credit as they're typically written in such a way as to terminate or be frozen upon death of the borrower.Hurdle #3 - If the sellers are able to tap the credit line, I'd say there's a higher than average chance the due on sale clause will be triggered.

The current code compliance officer couldn't tell me specifically what the violations were either, or what it used to look like because they apparently do not keep anything older than 10 years.

Appraisals are done for tax and accounting purposes, for estate valuations, for plans and specifications for projects, commercial appraisals assist in valuations to value stock, arrive at partnership agreements, arrive at values for buy/sell agreements, anything where the value of property needs to be made.There is more work in banking and appraisal compliance jobs.

Often times, if you have a non-recourse loan with "bad boy" carve outs, impairing the single purpose nature of the SPE can trigger the carve outs and convert the loan into a full recourse loan.

It's not the responsibility of the SDIRA company to advise you of potential ERISA compliance issues.