[WSBARP] Private loans

[Craig Gourley]

Listmates.  I suddenly have several separate clients wanting to make private loans to refinance home loans for relatives, friends etc.  These are NOT seller financing.  These are "let me pay off your existing mortgage and you can make payments to me" cases.   I have some knowledge of Dodd Frank and the State regulations and I know that there are exceptions for seller financing.  Are there any exceptions for these non-seller financing loans secured by the borrower's personal residence?  Work arounds?  I appreciate any input. Thanks, Craig


GOURLEY LAW GROUP
THE EXCHANGE CONNECTION
SNOHOMISH ESCROW
P.O. Box 1091
Snohomish, WA 98291
PH:  (360) 568-5065 (800) 291-8401
Fax: (360) 568-8092

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