Will the U.S government ban creative financing?

[Mike Schorah]

I hear the United States government is working actively now because there is so much pressure on creative financing to find ways to restrict it.

[Doug Smith]

I absolutely hate government regulation. That being said, some of the creative financing methods that are being preached today do allow someone to be taken advantage of. Sub to is great for the buyer, but deeding the property to the buyer without transferring the mortgage does open up the seller to a world of headaches. If the buyer doesn't pay the mortgage, it really screws the seller and, in many cases, the seller doesn't truly understand that they are giving up and the risk they are taking. There is nothing wrong with being creative, but there are many, many immoral people in the market that are preying on people. I hate regulation...but we have to stop scumbags in the industry from taking advantage of people and giving us moral investors a bad name.