1. http://www.dreamprotector.net/
How to choose a Land Contract Buyer?
The advent of the recent alterations in the legislation has deeply affected the
way investors originally did their business particularly the land contracts.
Today, it is advisable that the land contract buyers are especially careful in
their dealings to avoid unwanted trouble. Dodd Frank Bill is the main piece of
legislation that influences such transactions to a great extent. In its bid to
favor the real estate investors, this bill went ahead of itself to provide
protection to the home buyers.
On the other hand, real estate investors also do no support such a bill whole
heartedly as it puts them in the spotlight and burdens them with the task of
ensuring the capability of the buyers to afford the property to make the
payments in the future. As worded in the bill, it is said that the mere act of
defaulting and not making the scheduled payments is enough proof to suggest
that the individual was not property vetted by both the seller as well as the
holder of the land contract.
Richard Evans, the owner and the founder of First Equity Note, LLC, has over
40 years of expert experience in the field of finance, insurance, real estate as
well as securities licensed. Richard had an opportunity to make acquaintance
with a very prominent real estate attorney with a past experience of
purchasing and representing numerous investors who purchased on land
contract.

2. The attorney confessed how he will never buy property on land contract
anymore and has out a halt to deals called assumption of mortgage deals. The
reasons being that he was repeatedly sued multiple times while working on
such deals. Although he had won all these cases, it was expensive affairs even
after him being an attorney and representing his own cases himself. After such
tedious experiences of bad taste, he has now decided to switch sides and
instead search for buyers who have purchased land contracts.
He offers them to start lawsuits on behalf of the people who are facing issues
in making the payments. The Dodd Frank Bill has offered an extremely
powerful tool to the land contract buyer that successfully assist this attorney
in pursuing dealings with real estate investors that has taken unfair advantage
of him.
Conditions have taken a “U” turn from the time when conditions were in favor
of investors to the buyers having an upper hand now. However, it is only
logical to provide equal opportunities to ensure both the buyer and the seller
benefit from the deals and share equal responsibility. The new legislation in
effect from 2014 is more favorable towards the buyers. It encourages the
buyers in taking any land contracts and implores them to not take any unfair
advantage of the seller and holder of the land contract.
As per the new law the holder needs a land contract in order to return all the
monies to the buyer and the same is valid in case when the person has lived in
the property for several years. The buyer is required to show that the seller
and the holder of the land contract failed to perform a good job in researching
the ability of the buyer to pay. The law clearly states that the mere reason that
buyer had defaulted directly implies that the seller was unsuccessful in
selecting the right buyer for the property.
About Company : First Equity Note or Dreamprotector is a Mortgage Note
(Promissory Note) selling company. We are professional in this field. For more
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