The wall street journal recently published an article about the banks policies concerning loans for commercial properties that have come due and now cannot be refinanced. The title of the article is….
To Fix Sour Property Deals, Lenders ‘Extend and Pretend’
You can find a link to the article by clicking the following link.
Continue reading Extend and Pretend is still in full effect…..
From the Texas Association of Realtors:
“Many of us have been very concerned about the implementation of federal legislation known as the SAFE Act that would severely limit an individual’s ability to seller finance their property in Texas.
We are working on numerous regulatory and legislative solutions to this affront to private-property owners, and have some good news to report. At our urging, the chief regulator over the SAFE Act in Texas, the commissioner of the Texas Department of Savings and Mortgage Lending, has taken significant steps to allow Texas property owners to continue to seller finance up to five transactions in a 12-month period. Continue reading Owner Financing in Texas