[WSBARP] Selle financing

[Craig Gourley]

Listmates,   I always get tangled up in the exemptions for Seller financing.  I know there are both State and Federal rules.   I have a client that wants to do Seller financing on their personal residence.  Interest only with a rate change at 2 years, balloon in 5 years.   This is their one and only sale.   My concerns are that the loan is not fully amortized, there is a rate change mid term and it has a balloon in 5 years.  I think it is OK, I just can't seem to confirm it.  Shockingly, DFI won't return my calls.   Thoughts?  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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