hud: New HUD ruling could take away one of the biggest freedoms that we have! - 02/12/10 01:58 AM
I was just sitting at my desk yesterday, when I received a notice from the National REIA (Real Estate Investor's Association) with some scary news..... and since it could affect you, I wanted to reprint it (with their permisssion) here let you know as soon as possible:    HUD 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".      Please review and comment regarding the impact of this broad interpretation of the law.  "In addition to establishing … (3 comments)