This would apply to any lease with an option to purchase - chattel or real estate.And yes, there are numerous examples of both state Attorney Generals and courts undoing deals with followup penalties and fines, and sometimes criminal prosecution, including over over 100 deals in Texas involving a single operator who is now behind bars.Regarding federal intervention into seller financing of all types, as an attorney consider the recent enthusiastic use of both UDAAP by the CFPB and state AGs and even RICO for those who use relatives and others trying to hide behind the 3 transaction rule.I'm very careful and advise our clients to do the same because of what can happen.

There are numerous ways to structure the loan.

I just purchased as a whole sale deal last friday.Ike I appreciate the invite to learn more about the business and for you to show me the ropes of the business.

“No income verification, no asset verification” loans invited both lenders and borrowers to falsify information to obtain loan approval.Mortgage brokers and banks who focused on approving buyers for mortgageswithout regard to whether or not they would be able to afford the loans beyond the “teaser rate.”The expansion of speculators into housing markets.

What about the bedroom renter who invites his girlfriend to live with him?

I invite and encourage anyone who wants to specialize in it, too.  

Thanks for the reply and invite to the meetup.  

I have heard numerous stories from people who have never had to pay back subsidy. 

What is your current DTI and what are the dollar figure numerator and denominator numbers making it up?

If you're interested in reaching out and networking, I would recommend contacting @Kevin Carbon for an invitation to the local meet-ups in Lakewood, just a few miles from you.