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Land Contracts Explained

By Bob Bullinger

September 29, 2017, BY BOB BULLINGER If a person wants to buy a home but lacks the qualifications to qualify for a traditional mortgage, or lenders choose to not lend in the lower price band markets common in many areas of the Mid West or South, signing a Land Contract is another option for purchasing property. A Land Contract is a written agreement between the seller of the property and a … [Read more...]

Filed Under: Seller Financing Tips Tagged With: land contracts, sell contract, seller carry back, seller financing, seller financing tips, Virginia note buyers

What is Seller Financing?

By Bob Bullinger

When a seller allows a buyer to make payments over time for the purchase of property, it is known as owner financing or seller financing. This private financing by the seller can take the place of a bank loan or be in addition to a conventional mortgage. The payment amount, interest rate, and other terms are agreed upon between the buyer and seller. The amount financed by the seller will depend … [Read more...]

Filed Under: Seller Financing Tips Tagged With: owner financing, private mortgage note, sell mortgage notes, seller carry back, seller financing

Safe Seller Financing Tips

By Bob Bullinger

It’s a tough time to sell a house. Hoping to stand out from the crowd, sellers are advertising "Owner Will Finance!" Accepting payments over time provides buyers an alternative to bank financing. Of course sellers don’t want to trade a house that won’t sell for a buyer that won’t pay. Before you agree to "Be the Bank" read these 7 Tips For Safe Seller Financing! … [Read more...]

Filed Under: Featured Articles, Seller Financing Tips Tagged With: owner financing, seller carry back, seller financing, seller financing tips

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The Note Pro Team
1904 Hunts Neck Court
Virginia Beach, Virginia 23456
Phone: (757) 468-6181

Recent Articles

  • GSE Reform: Housing Finance Savior or Looming Disaster?
  • Land Contracts Explained
  • Rental Like Income w/o Tenants, Toilets or Management Headaches
  • Top 3 Owner Financing Myths
  • Why Sell My Mortgage Note?
  • 5 Reasons Owners Offer Seller Financing
  • Payment Histories Increase Note Values
  • Safekeeping the Original Mortgage Note
  • Avoid Three Seller Financing Mistakes
  • Seller Financing – How Much Can The Buyer Afford?
  • Seller Financed Notes and Interest Rates
  • What is Seller Financing?
  • Use Outside Closings To Sell Mortgage Notes!
  • Sell Property Fast With Owner Financing
  • Can I Sell Part of My Mortgage Note?
  • How to Sell Your Mortgage Note
  • Learn the Value of Your Note
  • Protect Your Mortgage Note
  • Safe Seller Financing Tips

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Virginia Beach, Virginia 23456
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