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Seller Financing is a sensible and common way to
sell your home, commercial property, real estate or business.
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.
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For the purposes of this website, we will be addressing the Seller Financed Note on Real Estate.
Using Seller Take Back Financing can be an excellent way to sell your property quickly and at a good price. As conventional financing becomes even more costly, more difficult to obtain, and more time consuming, Seller finance will become more popular.
It is estimated that approximately 15% to 20% of property sold is now sold with Seller Financing.
Seller Notes are created
from the Sale of:
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Your Home
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Commercial Property
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Other Real Estate
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Your Business
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Other Collateral
If you are thinking about selling some property and taking back financing, there are some things you should know that could be beneficial to you in the future… especially if you plan to sell that mortgage, trust deed or land contract for cash someday.
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