Prior to purchasing a seller financed note, the investor might ask for a payer estoppel. This simple one page letter or document is sent to the person making payments on the note, mortgage, deed of trust, or real estate contract. The estoppel explains the investor is contemplating the purchase of the note, reassuring the payer that all terms and conditions will remain the … [Read more...] about What is a Payer Estoppel?
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Welcome to Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. A land developer sold 10 to 20 acre tracts of land in Northern Washington State. Knowing land can be more difficult to finance through conventional bank loans, the seller offered owner financing terms to buyers. Seller Financed … [Read more...] about Real Deal #139 – Washington State Land Note