Seller Take Back Financing
can help get the property sold.
Seller Financing is becoming more popular and can be an excellent way to
sell your property quickly and at a good price.
Instead of your Buyer borrowing from a third party - such as a bank - the Buyer makes payments to you, the Seller, acting as the mortgage company.
These mortgage- backed promissory notes can be created for the sale of your:
- Single family home
- Condominium
- Multifamily residence
- Commercial building
- Other real estate
Since the early 1980s, when mortgage interest rates reached record highs, owners anxious to sell their homes or property created affordable promissory notes.
Notes were created in this manner:
- The Seller's mortgage (from his bank or other lender) would be assumed by the buyer, plus
- The Seller would create a loan to the buyer created from the equity in the house.
- The Buyer would then pay the Sellers first mortgage (to the primary lender) and the second Note to the Seller.
In addition to the individual home seller, seller - finnacing also became available from Land developers who offered seller-financing on subdivided lots for houses or mobile homes.
At this time, seller-financing is again a desired alternative to the buyer who is facing from conventional lenders:
- high interest rates
- stricter underwriting guidelines
- tighter lending
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Seller Financing Resources:
 Note
Owner's Handbook contains inside information regarding your note ownership; information that all mortgage holders, like yourself, absolutely must have. If you have already sold your home, business or other real estate by offering Seller Financing, there are some things you should know...
 Selling Your Home Alone
Rebel Real Estate Agent and Mortgage Banker reveals
the quick and easy secrets of selling your home FSBO (For
Sale By Owner) without an agent and saving piles of cash by
doing it yourself
 The TEN Dirty Little Secrets of Mortgage Financing
Why some people almost always get the lowest interest
rate on their mortgage and never pay too much in points
or "junk fees". If you want a mortgage with the lowest
rate for the lowest points and fees...here's exactly how
you do it!
Sell part or all of your future payments for cash today...
Find out how much your Note is worth for Estate and Financial Planning
Seller Financed Tips Free Ezine...
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Selling Your Home Resources:
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