WRAPS, Seller Financing and Creative Closings BELLEV

[Angelique Tinney]

Networking and Snacks from 6 to 7pm, Speakers start at 7pm

REAPS Members Free
Guests: $25 - your first time is Free

Market Report by Angelique Tinney Check in on where its going now!-
Networking and Snacks-
Deal of the Month with Bryan Nasman Bryan's property is in Moses Lake. Strategy is creative finance for multifamily acquisition, and also creative equity add.-
Meet Industry Vendors for building your team-
Your Haves and Wants~
Plus... Susan Schmitt Local Expert on Escrow LIVE ~ IN PERSON Seller Finance, Wraps & Creative Closings

Susan will focus on the details of closing creative deals and what she has seen successful work over the years. Susan had been in the business thru several market cycles and can tell you what she has seen in other contracting markets. Susan is the Escrow Manager at Ticor Title.

MORTGAGE ASSUMPTIONS -
An assumable mortgage is a loan that can be transferred from one party to another with the initial loan terms remaining in place.

WRAP TRANSACTIONS -
A Wrap is a type of seller financing wherein the seller's existing loan is wrapped by a secondary loan from buyer to seller. The payment from the buyer is then used to pay the sellers existing loan.

SELLER FINANCING -
Real estate contracts vs notes / deeds of trust

CONTRACT ASSIGNMENTS -
A contract assignment allows a buyer/investor to assign their interest in a Real Estate Purchase & Sale Agreement to a third party (normally for a fee).

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Will be an awesome night!