Comments on: HUD Issues Problematic Ruling – Call to Action: http://www.duncanwierman.com/blog/in-the-news/hud-issues-problematic-ruling-call-to-action/ Real Estate Investing, Real Results, Real Fast Using Technology Sun, 05 Feb 2012 08:05:20 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Duncan Wierman http://www.duncanwierman.com/blog/in-the-news/hud-issues-problematic-ruling-call-to-action/comment-page-1/#comment-246 Duncan Wierman Mon, 15 Feb 2010 15:23:29 +0000 http://www.duncanwierman.com/blog/?p=334#comment-246 Thank you Joe for this. Do you think that this leaves however a grey area for investors who are using owner financing as a business model since it then is a more frequent occurrence? function sbmgOptinValidateForm991(name,email) { var name_fld = document.getElementById('sbmgOptinValidateForm991' + '_' + name); var email_fld = document.getElementById('sbmgOptinValidateForm991' + '_' + email); var reg = /^([A-Za-z0-9_\-\.])+\@([A-Za-z0-9_\-\.])+\.([A-Za-z]{2,4})$/; var msg = ''; if ( name_fld.value == '' ) msg = '- Name Required\n'; if ( reg.test(email_fld.value) == false ) msg += '- Valid Email Required'; if ( msg == '' ) return true; else alert(msg); return false; }

Thank you Joe for this. Do you think that this leaves however a grey area for investors who are using owner financing as a business model since it then is a more frequent occurrence?

]]> By: Short Sale Artisan http://www.duncanwierman.com/blog/in-the-news/hud-issues-problematic-ruling-call-to-action/comment-page-1/#comment-245 Short Sale Artisan Mon, 15 Feb 2010 15:10:54 +0000 http://www.duncanwierman.com/blog/?p=334#comment-245 I just reposted this on my blog as well - very important for everyone to know this. Thanks for the info Duncan! function sbmgOptinValidateForm795(name,email) { var name_fld = document.getElementById('sbmgOptinValidateForm795' + '_' + name); var email_fld = document.getElementById('sbmgOptinValidateForm795' + '_' + email); var reg = /^([A-Za-z0-9_\-\.])+\@([A-Za-z0-9_\-\.])+\.([A-Za-z]{2,4})$/; var msg = ''; if ( name_fld.value == '' ) msg = '- Name Required\n'; if ( reg.test(email_fld.value) == false ) msg += '- Valid Email Required'; if ( msg == '' ) return true; else alert(msg); return false; }

I just reposted this on my blog as well – very important for everyone to know this. Thanks for the info Duncan!

]]> By: Joe Manausa http://www.duncanwierman.com/blog/in-the-news/hud-issues-problematic-ruling-call-to-action/comment-page-1/#comment-244 Joe Manausa Mon, 15 Feb 2010 11:16:15 +0000 http://www.duncanwierman.com/blog/?p=334#comment-244 I started reading through this proposal and found (page 5) that it specifically addresses seller financing and excludes it. It says "The frequency with which a particular seller provides financing is so limited that HUD's view is that Congress did not intend to require such sellers to obtain loan originator licenses. Accordingly, this rule would provide in 3400.103(e)(5) that such individuals are not subject to State licensing " requirements. function sbmgOptinValidateForm394(name,email) { var name_fld = document.getElementById('sbmgOptinValidateForm394' + '_' + name); var email_fld = document.getElementById('sbmgOptinValidateForm394' + '_' + email); var reg = /^([A-Za-z0-9_\-\.])+\@([A-Za-z0-9_\-\.])+\.([A-Za-z]{2,4})$/; var msg = ''; if ( name_fld.value == '' ) msg = '- Name Required\n'; if ( reg.test(email_fld.value) == false ) msg += '- Valid Email Required'; if ( msg == '' ) return true; else alert(msg); return false; }

I started reading through this proposal and found (page 5) that it specifically addresses seller financing and excludes it. It says “The frequency with which a particular seller provides financing is so limited that HUD’s view is that Congress did not intend to require such sellers to obtain loan originator licenses. Accordingly,
this rule would provide in 3400.103(e)(5) that such individuals are not subject to State licensing ” requirements.

]]> By: Judy Carrico http://www.duncanwierman.com/blog/in-the-news/hud-issues-problematic-ruling-call-to-action/comment-page-1/#comment-243 Judy Carrico Sun, 14 Feb 2010 20:01:36 +0000 http://www.duncanwierman.com/blog/?p=334#comment-243 Duncan - I found out about this via your posting on Facebook. Thank you for the information re: the proposed regulation. I have sent my comment in and will pass on the information to investors I know. function sbmgOptinValidateForm730(name,email) { var name_fld = document.getElementById('sbmgOptinValidateForm730' + '_' + name); var email_fld = document.getElementById('sbmgOptinValidateForm730' + '_' + email); var reg = /^([A-Za-z0-9_\-\.])+\@([A-Za-z0-9_\-\.])+\.([A-Za-z]{2,4})$/; var msg = ''; if ( name_fld.value == '' ) msg = '- Name Required\n'; if ( reg.test(email_fld.value) == false ) msg += '- Valid Email Required'; if ( msg == '' ) return true; else alert(msg); return false; }

Duncan – I found out about this via your posting on Facebook. Thank you for the information re: the proposed regulation. I have sent my comment in and will pass on the information to investors I know.

]]> By: Marion Haynes http://www.duncanwierman.com/blog/in-the-news/hud-issues-problematic-ruling-call-to-action/comment-page-1/#comment-242 Marion Haynes Sat, 13 Feb 2010 10:21:06 +0000 http://www.duncanwierman.com/blog/?p=334#comment-242 Thanks for the information re: commenting on this matter before the HUD.  I sent comments based on your blog.  The way our economy is moving so rapidly toward protective, socialist dimensions is alarming. I sincerely hope many people will take advantage of the information you give on your blog to support the effort to end this consideration in a manner in keeping with the traditions of this great country--freedom!. function sbmgOptinValidateForm37(name,email) { var name_fld = document.getElementById('sbmgOptinValidateForm37' + '_' + name); var email_fld = document.getElementById('sbmgOptinValidateForm37' + '_' + email); var reg = /^([A-Za-z0-9_\-\.])+\@([A-Za-z0-9_\-\.])+\.([A-Za-z]{2,4})$/; var msg = ''; if ( name_fld.value == '' ) msg = '- Name Required\n'; if ( reg.test(email_fld.value) == false ) msg += '- Valid Email Required'; if ( msg == '' ) return true; else alert(msg); return false; }

Thanks for the information re: commenting on this matter before the HUD.  I sent comments based on your blog.  The way our economy is moving so rapidly toward protective, socialist dimensions is alarming.
I sincerely hope many people will take advantage of the information you give on your blog to support the effort to end this consideration in a manner in keeping with the traditions of this great country–freedom!.

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