A PSA to the seller and the assignment contract to the end buyer.You can find generic contracts all over the net but some rather use their state regulated contracts or have an attorney draw up one for you.

The lenders are moving to judicial foreclosures now in Oregon mostly due to regulations, but with that, it gives the home owner a 180 day right of redemption, so after the entire process, they get 180 days to buy it back.

IMO, what tics off a regulator and/or a judge is seeing convoluted transactions that clearly are attempted to accomplished things that are restricted.

When you refi, you will need those cancelled checks made for payments, the lender will need both sides of the check showing the date deposited,since you don't need a servicer for this loan.BTW, this loan is exempt from lending regulations as being between immediate family members.Follow this!

Jaxi, RE is highly regulated and tied into a variety of legal issues with lending, marketing, title transfers, settlements, taxes and other applicable laws.

I know FHA has more regulations than conventional and that you have to sign a form that the property will be owner occupied within 60 day (at least that's what my FHA loan doc said).

There are so many regulations that you may not be aware of.

I'll look into the regulations before I make any moves, not trying to get stuck in something I'll regret or deal with legal consequences....

As I recall, the management percentage was a great deal higher for the three condos in Park city and much more regulated.

., and can even involved Federal regulations.