Hello my fellow Realtors/Investors. Thought i would create this group to have for open discussion about any homes, apartments, tax sales, etc.... Pretty much anything you can think of that is within the Southern Texas Region feel free to drop a post and keep us informed on any buys, sells, rents, etc.... Questions will be answered, advice given, and just a place for us south texans to call home... Welcome!
My name is Jerry and I'm looking for real estate investors who invest or want to in the Corpus Christi area or know people who invest in the Corpus Christi area. I would like to work with you. You can send me a private message or go to my account to reach me.
Just got this information relating to HUD changes affecting seller financing. This information is courtesy of Road 2 Success.
The following information is extremely important!
HUD Issues Problematic Rules Interpreting SAFE Mortgage Licensing ACT
HUD has proposed to eliminate ALL seller financing unless the seller lives in the home or becomes a licensed mortgage originator. The proposed HUD Rules interpreting the federal SAFE mortgage act can be viewed at www.regulations.gov Use the search parameter "HUD" and the keyword “safe”. Please review and comment regarding the impact of this broad interpretation of the law.