Great news! The IRS has specifically answered "YES" to this question. It seemed pretty straight forward that owner financed transactions involving a deed to the buyer and a note and mortgage (or deed of trust) back to the seller would let qualified buyers take the First Time $8,000 Homebuyer Credit. However, some wondered if … [Read more...] about Does Seller Financing Qualify for the $8,000 First Time Homebuyer Tax Credit?
installment sale
Owner Financing – The Top 3 Reasons for Seller Financing
All things being equal, the average seller would prefer to sell a property and walk away from closing with all cash rather than a note for part of the sale price. Then why do sellers agree to take back financing? Here are the three most common reasons behind the installment sale. … [Read more...] about Owner Financing – The Top 3 Reasons for Seller Financing
The Downside of Owner Financing – Disadvantages to Seller Financing
What's old is new again and the credit crisis, struggling economy, and real estate market are making seller financing the come back kid. 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 … [Read more...] about The Downside of Owner Financing – Disadvantages to Seller Financing
Owner Financing – 10 Advantages to Using the Seller Carry Back
The word is out and seller financing is on the rise as buyers and sellers look for creative ways to finance property in the struggling market. So what's all the hype? Here are ten advantages to using the seller carry back to buy or sell real estate. … [Read more...] about Owner Financing – 10 Advantages to Using the Seller Carry Back
UPDATE on HR 1728: How Congress Wants to Change Seller Financing
There is growing and legitimate concern over how Bill HR 1728 would severely restrict seller financing. Be sure to read this informative update. … [Read more...] about UPDATE on HR 1728: How Congress Wants to Change Seller Financing
