Real estate blog entries tagged with escrow accounts by Chuck Mixon (Choice One)

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Home : Blogs : Chuck Mixon : Chuck's South Florida RE Blog : Tag "escrow accounts"

escrow accounts: The End is Coming for Owner Financing! - 07/03/09 09:12 AM

HR1728 Mortgage Reform and Anti-Predatory Lending Act
HR 1728 has already passed the House and is now in the Senate waiting on a vote to become law. The main points of the law are more protection for the consumer from the lender. Notice I said Lender not Banks or Mortgage companies, so I am including the homeowner offering Owner Financing. Some of the new requirements will be too much for a homeowner to comply with.
For example the lender will be required to provide monthly disclosures, I sure a receipt for a mortgage payment will not meet the requirements of a … (0 comments)

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Chuck Mixon

Cutler Ridge, FL

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Choice One

Address: 18400 Frango RD, Cutler Bay, FL, 33157

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