Real estate blog entries tagged with owner financing by Phillip Nazareth (Clear realty solutions)

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Home : Blogs : Phillip Nazareth : Phillip Nazareth's Blog : Tag "owner financing"

owner financing: Owner financing threatened by HUD - Help protect our property rights - 02/15/10 05:51 PM

CALL TO ACTION:The following information is extremely important!HUD Issues Problematic Rules Interpreting SAFE Mortgage Licensing ACTHUD has proposed to eliminate ALL seller financing unless the seller lives in the home or becomes a licensed mortgage originator. The proposed HUD Rules interpreting the federal SAFE mortgage act can be viewed at www.regulations.gov Use the search parameter "HUD" and the keyword "safe mortgage". Please review and comment regarding the impact of this broad interpretation of the law. "In addition to establishing HUD's responsibilities under the SAFE Act, through this rule, HUD proposes to clarify or interpret certain statutory provisions that pertain to the … (3 comments)

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Phillip Nazareth

Kernersville, NC

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Clear realty solutions

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