Screening buyers for seller financing and wraparounds

[Justin Webb]

Hello BP,

For those of you out there seller financing and using wraparounds, what tools, websites, or packets do you put together (ie background and credit checks) when screening potential buyers using seller financing or wraparounds? Less than 5 per year. I know Dodd Frank and Safe Act require a licensed MLO for more than 5 seller financed homes within 12 months. In that case, they put the packet together anyways. (Please no posting about Acceleration Clause or Due on Sale Clause, I am well aware of these.)