Owner Financing: A home-financing technique in which buyer borrows from the seller instead of, or in addition to, a bank. Sometimes done when a buyer cannot qualify for a bank loan for the full amount. also called seller financing or purchase-money mortgage.

 
Wednesday, September 8, 2010
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1. Deed
(FAQs/Vocabulary)
A deed is a legal instrument used to grant a right. Deeds are part of the broader category of documents under seal. Deeds can be described as contract-like, as they require the mutual agreement of mor

2. Real Estate
(FAQs/Vocabulary)
Real estate is a legal term (in some jurisdictions, notably in the USA, United Kingdom, Canada, and Australia) that encompasses land along with anything permanently affixed to the land, such as buildi

3. It is a Buyer's Market
(Articles/Sellers)
...financing transactions.  Finally, before signing on with owner financing be sure to check with your legal counsel and certified public accountant to discover the pros and cons. Approach owner fin...

4. When Back-to-Back Becomes Simultaneous
(Articles/Real Estate Information)
...ller (who wants to sell the house and the new mortgage at the same time) must take care to meet specific legal guidelines that exist to prevent lenders from charging unfairly high interest rates. If t...

5. How to Buy Real Estate with No Money Down
(Articles/Real Estate Information)
...ood deal, you may be able to work out a lease-purchase plan with him or her. You will need to fill out a legal form and have both you and the seller sign it. With this type of arrangement, you can obt...

...have delinquent accounts and collection agents or attorneys asking you for payments * You may have past legal problems such as judgments, divorce, bankruptcy, or foreclosure * You have been told to ...

7. Property Disclosures
(Articles/Sellers)
... By following the rules and regulations you will save yourself money, time and later possible unpleasant legal ramifications. All of these conditions must be investigated and settled before you attemp...

...and consulting your advisors. Never take shortcuts or the easy way out.  Each side should have legal representation representing their best interest look at all documentation.  Have an ...

9. Vocabulary
(Category List)
...bsp; The terms defined within this section are for informational use only.  Be sure to check with a legal authortiy before making any real estate or other financial decisions. ...

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