Barbara Le Pine
Your agent for the Central Oregon Coast!
Newport,
OR
More about me…
ADVANTAGE REAL ESTATE, serving Lincoln County
Address: 205 E. Olive Street, Newport, OR, 97365
Office: (541) 265-2200
Mobile: (541) 270-6758
A mix of thoughts and ideas from a full time Real Estate Broker who lives in and works in the entire Lincoln County Area, serving Lincoln City, Otis, Gleneden Beach, Depoe Bay, Otter Rock, Beverly Beach, Agate Beach, Newport, Yaquina Bay, Toledo, South Beach, Seal Rock, Waldport, Alsea, Tidewater, and Yachats.
Today, I had a call from a seller who wants to carry the loan for a buyer because the house will not finance conventionally. He had heard that you need a Mortgage Loan Origination License. Question from the caller: "I'm selling my residence and the buyer wants me to provide the financing. Do I need a license?" The answer: "No. Ors 86A.203 (2)(c) provides and exception from the MLO licensing requirements for an individual providing financing as part iof the sale of the individual's residence. Therefore, no MLO license would be required." Although there are very few … (2 comments)
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