Should you obtain multiple investor quotes when selling a note? There are two differing camps of opinion based of course on one’s perspective. … [Read more...] about Multiple Quote Requests
Archives for December 2008
Firm Offer or Soft Quote?
Wonder whether you are receiving reliable pricing when submitting a qoute request worksheet to a note investor? Here's how to know if it's a firm offer or just a soft quote when going to sell a note. … [Read more...] about Firm Offer or Soft Quote?
Why Buy Title Insurance?
Does the seller really own the property? Are there any liens? Is there legal access? Does anyone else have a claim or right to use? Does the buyer have outstanding judgments that might attach when they purchase the property? These are just a few of the questions you will want answered with a title report when considering owner financing. … [Read more...] about Why Buy Title Insurance?
Real Deal #149 – Seller Financing, Second Liens, and the 80-10-10.
Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. When the bank loan and the buyer’s down payment don’t add up to the sales price, a seller might consider owner financing the difference. Here’s how a classic 80-10-10 worked with owner financing on a four unit residential property in … [Read more...] about Real Deal #149 – Seller Financing, Second Liens, and the 80-10-10.
What is a Real Estate Contract?
Sellers providing owner financing might elect to use a Real Estate Contract, Contract for Deed, or Land Contract to document the transaction rather than a Note and Mortgage or Note and Deed of Trust. There are both advantages and disadvantages to carefully consider when choosing a Contract. The big difference with a Real Estate Contract is that the buyer will not receive the … [Read more...] about What is a Real Estate Contract?
