HUD's plan would "eliminate all seller-financiing" by investor.

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Real Estate Agent with JustListedKnoxville.com / Signature Homes

HUD's plan would "eliminate all seller-financiing" by investors, Under HUD's proposal, investors would  have to go through the same registration, licensing, fingerprinting and other licensing hoops required of fulltime mortgage brokers. http://realtytimes.com/rtpages/20100219_investorreport.htm

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Rainmaker
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William True
True Sarasota Real Estate - Sarasota, FL
Sarasota Real Estate

I had just heard about this, but hadn't seen the article. Thanks for the link, Steve!

Feb 18, 2010 08:49 PM #1
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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Just another nail in the American citizen's financial coffin.

 

Feb 18, 2010 09:54 PM #2
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Steve Albin

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