A seller financing a real estate sale faces a structural choice at the closing table — engage a licensed servicer or self-service. The choice runs the full life of the loan and reaches the resale market as a price difference that reflects the records [...]
The three case studies below describe seller-carry holders who self-serviced and brought the note to resale with gaps in the servicing record. Identifying details have been changed; the operational and pricing patterns recur in seller-carry files brought to a buyer for resale.Case one — [...]
The resale-ready servicing file is the record set a note buyer reviews on a seller-carry resale. The file builds across the life of the loan, not at the moment of resale. The steps below are the workflow a holder runs from origination forward to [...]
The seven mistakes below recur in seller-carry files brought to a buyer for resale. Each one drops the resale price by a measurable amount, and the discounts stack. The fix on every one is the same — produce the record across the life of [...]
A seller-carried note that arrives at a buyer's desk with a clean servicing history sells at a tight discount to face value. The same note with no servicing record sells at a deep discount — or fails to sell at all. The difference is [...]
The questions below cover the regulatory decisions a seller-carry holder makes on every owner-occupied carry under Section 32 of Regulation Z. The answers point to the records and disciplines a state examiner, a note buyer, or a borrower-counsel review will request.CoverageQuestion one — Does [...]
A seller financing a real estate sale faces a different regulatory framework depending on whether the borrower occupies the property as a primary residence. This comparison walks the coverage analysis, the disclosure obligations, the loan-term restrictions, and the operational duties across an investor-owned carry [...]
The three case studies below describe seller-carry holders who closed Section 32-covered loans without running the coverage analysis and absorbed the consequences. Identifying details have been changed; the operational and regulatory patterns recur in seller-carry files reviewed at a licensed servicer.Case one — the [...]
The Section 32 coverage analysis is the test that determines whether a seller-carry on an owner-occupied home falls inside the high-cost mortgage rules of §1026.32. The analysis takes an afternoon, produces a written workpaper, and sits in the loan file as the documentation of [...]
Section 32 of Regulation Z reshapes the rules on a seller-carry note when the property is the borrower's primary residence. The seven mistakes below recur in seller-carry files brought to a licensed servicer for review after a borrower complaint or a state inquiry.Mistake one [...]
