New Seller Finance Bill HR 5301 Gains Support

A new bill to help strengthen the seller finance industry is gaining support. Earlier this year the Seller Finance Coalition announced that HR 5301: The Seller Finance Enhancement Act had been introduced to the 114th U.S. Congress on May 19, 2016. The Bill proposes to increase the number of owner financed transactions exempt from regulation to 24 per year. The number of co-sponsors in Congress has steadily increased to ten.  Congressman Williams outlined his support in the following … [Read more...]

5 Years Of Growth For Seller Financing In 2014

"The number of seller financed notes created in 2014 increased by 4.7%," reports Scott Arpan of NoteSellerList.com. There is one number we all want to know... ...how many seller financed notes are being created? Each year, around this time, Advanced Seller Data Services releases some very important numbers. This running tally not only shows the number of notes created it also breaks them down by state! More notes equals more opportunities to buy notes. Knowing the "hottest" … [Read more...]

Dodd-Frank Fallout: Colorado Removes Seller Financing Provision From Contracts

Colorado... Where it’s easy to buy marijuana but hard to sell a home with seller financing. In reaction to the Dodd-Frank Act, the Colorado Real Estate Division has issued a bulletin on the removal of the seller financing provision in the state regulated Contract to Buy and Sell Real Estate. While the creation of new seller-carry notes is holding strong since the implementation of the Act in early 2014, we are starting to see changes in the way individual States, real estate professionals, … [Read more...]

Seller Financing Stats Increased in 2013 – What About 2014?

I love numbers!  They always seem so validating - especially when they are on the rise! We got our hands on the latest seller financing statistics for 2013, the top 10 producing states, and a preliminary analysis of the impact of the Dodd-Frank Act on note creation for 2014.  You won't want to miss this... Owner Financed Notes Increased 7.5% in 2013 "Overall note creation continues to climb past levels we have not seen for 10 years. 2013 saw a 7.5% increase in notes created over 2012. This … [Read more...]

Owner Financing Statistics For Note Buying

The annual statistics for owner financing are hot off the press providing an overview of 2012 and insights on note buying in 2013. "2012 saw a 15% increase in the total number of seller financed transactions, the greatest number of notes created in any year since 2006," reported Scott Arpan, President of Advanced Seller Data Services. The analysis was based on 1702 counties reporting across the U.S. for a count of 103,313. Click here to download the full report in PDF format. Seller Financing … [Read more...]

Seller Financing Regulation Proposals On Dodd Frank and TILA

It's back... seller financing and purchase money mortgage notes are under attack again! As regulators attempt to sort out the impact of the Dodd Frank Act, Safe Act, and TILA/Regulation Z  laws on seller financing your help is needed. Our efforts had a positive impact once before and we can make a difference again. Urgent News: Seller financing is under regulatory attack and your comments are needed by 10/16/12. This email just came in from the desk Ric Thom, President of Security Escrow. … [Read more...]

Dodd-Frank Hijacks Owner Financing

Private property owners have been swept into the regulations of the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act which was signed into law in July 2010. Owner financing will be regulated in Title XIV Section 1401(2) (E) Mortgage Loan Origination Standards. The law restricts private property owners who want to sell their own property using owner financing (installment sale). These are some of the consequences. Homeowners die before … [Read more...]