201604.15
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Creative Financing = Creative Tax Headaches

A client called today to have our lawfirm engage in a discussion with his CPA as to tax ramifications for “subject to” sales of homes.    For those of you who have never considered using “creative financing” to sell your home or buy a home, a “subject to” means the buyer takes over the seller’s mortgage…

201405.07
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It Was Inevitable – Thanks a lot QM!

We try not to wander too far afield into the political end of things.  But sometimes you just have to give credit where credit is due and point out some of the obvious consequences of laws affecting lenders, borrowers, default, and legal ramifications.   Dodd-Frank and the ensuing Quality Management or QM regime enforced upon the…