Comments on: Dodd-Frank Act Qualified Mortgage Rule Impacting Seller Carry Back Financing

By: Gary Market

Gary Market — Mon, 29 Apr 2013 23:00:06 +0000

So an owner doing a carry-back can still NOT have a balloon?

By: Adam H Cravets

Adam H Cravets — Mon, 28 Jan 2013 15:11:15 +0000

One question: How many owner carryback loans were fraudulent or harmed buyers? I am betting very few if any. So let’s punish the property owner for the lending institution’s mess. Makes sense to me.

By: Ron Volkman

Ron Volkman — Sat, 19 Jan 2013 17:01:20 +0000

How in the hell did this ‘owner carryback’ sledgehammer get through? We have GOT to go for amending ASAP.

By: Have a Happy Weekend!

Have a Happy Weekend! — Fri, 18 Jan 2013 16:19:31 +0000

[...] gave an update on the Qualified Mortgage Rule of the Dodd-Frank [...]

By: Admin

Admin — Wed, 16 Jan 2013 22:23:32 +0000

Hi Sandra! Thank you for your thoughtful comment. NAR addressed some of your concerns in a brief here: http://www.realtor.org/articles/summary-of-new-qualified-mortgage-qm-rule AAR will be monitoring this very closely and will make sure that any updates are communicated.

By: Sandra Paulow

Sandra Paulow — Wed, 16 Jan 2013 22:08:26 +0000

I’m sure AAR is looking in to this and plans to provide us with some guidance on this. IMO this is a disaster for many property owners who’s properties cannot be sold any other way other than a Seller Carry or for cash. What about older mobile homes that can’t qualify for financing through a financial institution? What about rural properties that don’t fit the bill for conventional financing? What happens to the values of those properties? Than you Dodd Frank, this just killed a lot of sales of Real Estate.