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Curt Smith
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#4 Innovative Strategies Contributor
  • Rental Property Investor
  • Clarkston, GA
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Looking for LMLO to originate seller financed notes in GA

Curt Smith
Pro Member
#4 Innovative Strategies Contributor
  • Rental Property Investor
  • Clarkston, GA
Posted Feb 18 2015, 11:20

LMLOs are licensed in each state so don;t know if there's a business model for nationwide loan origination for investers selling with financing following Dodd Frank.  My local LMLOs I called are wanting $1500 for a $75k note doesn't make sense and also risks the Dodd Frank limits on expenses when you add up the other closing expenses the borrower pays.  I'm wanting to pay $750 to $795.  My loans are in GA.

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