Posted by larry batch on February 14, 1999 at 16:12:28:
I am a mortgage broker/licence lender.
I run into problems when I work with banks out of my area
example a lease purchase we do not record a lease purchase because the borrower does not own the propirety. if he does not go thru with the deal the seller can keep his money
I am in florida by the way. the bank in another states says we always do record and is holding up my closing.
I find ever state has different rules and might not get the proper
disclosures or protection when deal ing with some one from a different state.
thanks for letting me get it off my chest.
larry batch vp regency financial corp.
lbatch@juno.com