Land - Test

• If the property has an existing mortgage, sale may trigger a due-on-sale clause unless the seller pays it off at closing.
• Sales of residential property to a consumer for a primary residence are regulated under Dodd-Frank — most sellers can do up to 1–3 a year without an RMLO. Above that, an RMLO is required.
• The promissory note and security instrument (mortgage or deed of trust) must be properly drafted, recorded, and comply with your state's usury and disclosure rules.

The Creative Marketplace does not verify any of the above. This is plain-English risk education, not legal advice — get a licensed attorney in the property’s state to review your specific transaction. See our Creative Finance Disclaimer.