Top 5 Articles on Seller Financing

Owner financing was a hot topic in real estate last year and all indicators point to increased demand in 2010.

In search of alternative financing methods, many buyers, sellers, and investors are turning to the seller carry-back. Be sure to review the 5 most read seller financing articles in 2009 as you plan for the upcoming year.

#5 – The Downside of Owner Financing – Disadvantages to Seller Financing
What’s old is new again and the credit crisis, struggling economy, and declining real estate market made seller financing the come back kid of 2009.

Offering to owner finance a property can attract buyers and even save transactions as banks increasingly stamp “DECLINED” on mortgage applications. Before you agree to “Be the Bank” carefully consider the downside to providing creative financing. Read More…

#4 – Owner Financing – Avoid 5 Balloon Mortgage Pitfalls
Using a balloon payment with owner financing can be a valuable addition to a mortgage note or land contract.

Unfortunately many sellers and buyers unknowingly combine a balloon payment with high risk factors turning a positive into a negative. Be sure to avoid these common pitfalls when considering seller financing with balloon mortgages. Read More…

#3 – Directory of Owner Financed Note Buyers and Service Providers
Sometimes it is not only what you know, but also who you know.

Gain access to our personal Rolodex of experienced professionals with the Directory of Owner Financed Note Buyers (now updated for 2010)! Work direct with knowledgeable investors, educators, master note brokers, and service providers. Read More…

#2 – How Congress Wants to Change Seller Financing!
Rarely does legislation have the potential to impact the world of seller financing as severely as HR 1728: Mortgage Reform and Anti-Predatory Lending Act. Read More…

After passing the House on May 7, 2009, this bill has been stalled in the Senate. Now Note Investor has discovered that most of the provisions and restrictions of HR 1728, including the limitations on seller financing, have been included as part of HR 4173. Also known as The Wall Street Reform and Consumer Protection Act, this bill passed the House on December 11, 2009 and now goes before the Senate. Read More…

#1 – Using Owner Financing with the $8,000 First Time Home Buyers Tax Credit
In an effort to stimulate the housing market and overall economy the government provided first time home buyers with an $8,000 incentive. Read More…

Next the $8,000 tax credit was extended to April 30, 2010 and also expanded to include existing home owners. Read More…

This led many to wonder if seller financing could be used for qualified buyers hoping to cash in on the $8,000 tax credit. Fortunately, the IRS responded with a definitive “Yes!” to this question and outlined factors to evidence the benefits and burdens of home ownership. Read More…

Thanks to all of our faithful readers for making 2009 a great year at NoteInvestor.com. We wish everyone a successful and prosperous 2010!