Owner financing seemed like a good idea at the time. Let the buyer make payments and get the property sold. After all the seller carry back is known for attracting purchasers and providing quick closings, without the hassles or fees of a conventional bank loan. But circumstances change and many sellers would prefer a lump sum of cash today rather than monthly payments that … [Read more...] about Why Sell My Mortgage Note?
owner financing
Safe Act and HR 4173 Update – Is it Good News for Seller Financing?
A new law exempts up to 3 seller-financed transactions in a 12-month period from mortgage originator licensing requirements. Bill HR 1473, now known as the Dodd-Frank Wall Street Reform and Consumer Protections Act, was signed into Public Law No: 111-203 on July 21, 2010. A loud outcry was heard across the nation from real estate owners, investors, and note buyers on any … [Read more...] about Safe Act and HR 4173 Update – Is it Good News for Seller Financing?
Fighting to Preserve Owner Financing with the National Association to Protect Private Property Rights
What is Your Livelihood Worth? It’s not a ridiculous question. As you read this, governmental agencies are actively working to eliminate all but the most basic form of owner financing without being a licensed mortgage originator. Now industry leaders have joined efforts in the creation of an association to protect property owners, home buyers, and professionals in the … [Read more...] about Fighting to Preserve Owner Financing with the National Association to Protect Private Property Rights
Land Contract Buyer Sells Without Owner’s Consent – Real Deal #157
Our readers are the best source of real deals! Here is one seller's request for answers when dealing with a sneaky delinquent buyer that sold without consent. … [Read more...] about Land Contract Buyer Sells Without Owner’s Consent – Real Deal #157
What is a Land Contract?
A Land Contract is a type of owner financing that allows the buyer to make payments to the seller for a home or land purchase. The buyer gets to use the property but the seller hangs onto official title until paid in full. The contract comes under several names including Real Estate Contract, Contract for Deed, Installment Sale, and Land Contract. It is an alternative way to … [Read more...] about What is a Land Contract?