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?
Seller financing mistakes
Would you rather have $97,000 to sell your $100,000 note or only $80,000? The difference usually comes down to the big three. Here’s the three biggest mistakes note sellers make and how to avoid flushing money down the drain. Seller Financing Mistake #1 - Failing to Check Credit The payer’s credit report lets you know how timely they have paid bills in the past. … [Read more...] about Avoid Three Costly Mistakes!