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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Carrying back a second and the SAFT act Posted by Nate on August 29, 2010 at 8:32 AM I have a property in CA that was purchased at TS. Carrying back a second looks like the best way for me to close my resale however with all of this talk about the SAFE act I am not sure how that should be structured. I am an licensed RE Broker in CA. Am I worried about nothing? Can the Bene be my LLC ? Or does it need to be a person to avoid the licensing requirement? Does anyone know of the cleanest way to structure the note? What note would you use? Recommendations on a pre-written note would be great as this is my first carry back and I would rather not re-invent the wheel. Cons of using one that is fictitiously recorded?? Thanks ! Nate Follow Ups: Carry-back financing... Ward-CA- 11:41 PM, 08/30/10 (2) Note Collection/Loan Servicer? Mary Anne 9:46 AM, 08/31/10 (1) Re: Note Collection/Loan Servicer? Ward-CA- 6:30 PM, 08/31/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have a property in CA that was purchased at TS. Carrying back a second looks like the best way for me to close my resale however with all of this talk about the SAFE act I am not sure how that should be structured. I am an licensed RE Broker in CA. : Am I worried about nothing? : Can the Bene be my LLC ? Or does it need to be a person to avoid the licensing requirement? : Does anyone know of the cleanest way to structure the note? : What note would you use? Recommendations on a pre-written note would be great as this is my first carry back and I would rather not re-invent the wheel. Cons of using one that is fictitiously recorded?? : Thanks ! Nate [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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