In late 1981, Roosevelt became aware that Community had
written contracts for deed for some of its borrowers.
Not exact matches
Under the direct
deeding regime, the QI merely takes an assignment of a
written contract of sale in Step 1 and delivers a
written notice to the buyer that the QI is acting as the intermediary
for the seller in a tax deferred exchange.
Roosevelt then
wrote to the Federal Home Loan Bank Board, the governing agency of federal savings and loan associations, describing Community's activities and requested advice as to whether Roosevelt could refuse to accept title policies from title companies engaged in
contract for deed activities.1