I think I’m missing something…If the SAFE ACT doesn’t allow park owners to “finance” they’re POH’s to tenants without a rent credit system in place, then how are park owners allowed to sell their parks through seller financing?
SAFE act doesn’t apply to commercial transactions
Gotcha. So selling a park falls under commercial and selling the individual mobile homes falls under residential?
The key word, I believe, is “dwelling.”
Thanks @Brandon! Reading up on it more right now
Commercial, multi family, and sales to investors are typical DF and Safe Act exemptions.
It applies when the dwelling is the collateral for the loan to someone living there.
Cool thanks @jhutson! Good info