Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. This Texas note deal found a seller scurrying to pay three years of back taxes that their buyer failed to keep current. Selling the note to an investor saved the buyer and seller from losing both the property and the note to a county tax … [Read more...] about Real Deal #146 – Delinquent Taxes in Texas
Archives for October 2008
The stock market continues to retreat. Personal portfolios are dwindling. It is a “buyers market” in real estate. Banks, despite an unprecedented federal bailout, are tightening their lending programs so the average purchaser can’t obtain a loan. This is the recipe the private mortgage industry was founded on – and it has returned. … [Read more...] about Recipe for Success!
There is a squeeze on Wall Street that is leading many note buyers back to Main Street. The drought of institutional money from the sub prime mortgage crisis is creating a resurging interest in working with private investors for the purchase of seller-financed notes. … [Read more...] about Working with Private Investors
If you watched the last Presidential debate Wednesday night you probably noticed that Barack Obama and John McCain agreed on at least one thing. The economy is in the tank and it needs HELP! Now that we have found common ground for economists, Democrats, Republicans, and Independents alike, what can we do about it? And what does this have to do with seller financing? … [Read more...] about McCain and Obama Agree!
Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. While a note and mortgage or deed of trust are the most common real estate financing documents, sometimes seller financing utilizes a Real Estate Contract. … [Read more...] about Real Deal #145 – Iowa Real Estate Contract