
12 April 2020 | 8 replies
The value to the buyer can add up to a very sizeable amount of money; typically pays the up-front lender fee to lower the interest rate, which results in accumulating paid interest savings for the buyer as long as the buyer owns the property, or for the life of the loan; may add up to many tens of thousands of dollars; make sure you check the fine print of the lender's loan lock provisions; be sure your seller's money is truly paying down the loan rate as opposed to paying other lender charges to the buyer. 3.Seller-Funded Temporary BuydownsBuydowns can also be structured to adjust the buyer-paid interest rate for a limited number of years; can cover the first two, three or four years or more of the buyer's loan; allows your seller to reduce the buyer's ongoing loan cost (monthly payment) considerably.4.Owner FinancingA willing seller may be able to keep their selling price intact by offering financing to a buyer; for a seller who needs to sell as soon as possible for the best possible price; expands the potential market for buyers to those who might not qualify with a lender for any number of reasons relating to their credit, verifiable income, or other issues; seller creates an 'investment" that can produce an annuity with a very good rate of return for many years; seller needs to become very well educated on how to qualify a potential buyer (how to get credit, income, debt ratio, and other accurate personal historical data on the buyer-and how to verify that data); seller needs legal advice to review contract documents, as well as title and escrow services to conduct a title search and closing; buyers attracted to seller financing may have income sources including part- time work, bonus income, royalty income, dividend and interest income from investments, or they may be newly self employed; seller who finances needs to get a substantial down payment and ensure that the property is adequately insured by the buyer and that initial property taxes are pre-paid and a tax payment plan is established; if the buyer stops paying, the seller will have to proceed like a bank or other lender and foreclose on the buyer. 5.Contract for DeedA contract for deed agreement to purchase is similar to a seller-financed purchase.

10 April 2020 | 2 replies
The bank required all the documents on the deed, the bank statement transfers that paid for the property, and even a past rental statement from the property manager.

15 June 2020 | 6 replies
I challenged the appraiser and provided documentation to justify the correct.

11 April 2020 | 5 replies
The bank required all the documents on the deed, the bank statement transfers that paid for the property, and even a past rental statement from the property manager.

13 April 2020 | 7 replies
I'm just trying to find out what sort of documentation/approach is getting people the best results, if any.

11 April 2020 | 0 replies
I’ve reviewed the lease but I would like to get my own documents that BPs provides and have him sign them.

23 April 2020 | 9 replies
There are many other things to consider however this is one option.If the mobile home park allows renting, you can continue paying the underlying debt and get every closing document and power of attorney form signed when you take keys.
12 April 2020 | 7 replies
Understanding what the documents may mean can be more difficult.

7 May 2020 | 7 replies
Just looking for any advice on managing a rental, from bookkeeping, to managing tenants, to documents, etc.

8 April 2021 | 10 replies
@Steve HodgdonThis is why it is always good to have an attorney draft your documents and review them.It took a while with my attorney to get this type of agreement finalized because of the potential of a default and how to make sure it is tightly writtenLook at it this way- I have never known anyone to sue another based on being paid what they thought they were supposed to be paid.