General

Seller Finance in the Mainstream

There is a new 9-page application being implemented for all new mortgage loans beginning January 2018. In the Lender Loan Information, Section L1 , there is a box to check for “Conversion of Contract for Deed or Land Contract”. I’ve been teaching a class on this very subject since 2009 – is it time to pay more attention? (see the attached PDF)

https://www.fanniemae.com/content/guide_form/urla-lender-loan-information.pdf