W. J. Mencarow

John Schaub Interview

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States That Exempt or Partially Exempt Seller Installment Sales From Licensing

Number of seller installment sales on residential property that someone can do per 12 month period before being required to have a mortgage loan originator license: Alaska –         Unlimited 06.60 – 3 AAC 14 Article 11. Sec. 06.60.990(19)(C)(i) Arizona –        Unlimited Sec. 4 Section 6-991.01(6) Arkansas –      Unlimited Sec 23-39-502(9)1(B) (x) A Colorado –      Unlimited …

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Seller Mortgages May Be Effectively Outlawed

We stopped HUD’s assault on seller installment sales by flooding them with over 5,000 protests. Now the new Consumer Financial Protection Bureau is considering severe restrictions on them. The deadline to protest has passed (July 22, 2011).  See snipurl.com/AbilityToRepay to read the comments (scroll down that page for the comments link). However,  you can still leave …

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