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Updated over 12 years ago on . Most recent reply

Kevin Romines's profile image
Kevin Romines's profile image
Kevin Romines
  • Lender
  • from Winlock, WA
  • Member since Mar 5, 2013

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Kevin Romines's profile image
Kevin Romines's profile image
Kevin Romines
  • Lender
  • from Winlock, WA
  • Member since Mar 5, 2013
Kevin Romines
  • Lender
  • Winlock, WA
1,100
Votes |
1,543
Posts
Innovative Strategies

What is the future of Sub2 financing as an exit strategy considering the new CFPB rules?

Kevin Romines
  • Lender
  • Winlock, WA
Posted
I have occasionally watched the new rules coming out of the Frank Dodd/CFPB regarding owner financing? It seems that they recently finalized the rules and now require a person to be licensed as a loan officer if they provide more that 1 or 3 owner financed deals in a year? Does anyone have deeper understanding of these rules changes and how it will affect an investor that sells their properties via owner financing as an exit strategy?
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