If you are self-employed or have bad credit, buying a home with traditional mortgage financing is difficult. Nonetheless, there are ways to buy a new home with extenuating circumstances. One such method involves seller financing. Although seller financing is becoming extinct is some areas across the nation, this is still a favorite approach among real ...
If you’re going to offer seller financing for your home, don’t go into the transaction blindly. There are plenty of ways in which sellers can nail themselves to the wall without realizing they’ve entered a bad contract, and you’ll want to protect yourself from buyers who have no intention of fulfilling their end of the ...
Seller Financed Homes Roughly one in five homes sold today involve some sort of seller financing. Rather than the buyer getting a mortgage through a third party such as a bank, the buyer simply promises to pay back the seller over a set period of time with a set interest rate. There are many reasons ...
A legal document known as a mortgage note outlines the exact payment arrangements of a mortgage note. Another name for this document is promissory note, private mortgage, private mortgage note, or even just note or IOU. The promissory note will give detailed information about the monies owed which were borrowed from the seller minus any ...
Karla News
Karla News
