We are working with an eager seller to take advantage of his 3.9% interest rate. Specifically in New York State, How strong is a land contract? Will a land contract transaction trigger the bank to foreclose (or requ...
Hello,I recently acquired a property under a land contract. 6 year balloon. I'm taking over the mortgage with a 4.5 percent interest rate. I'm looking to cancel the primary home owners insurance, and get landlord insu...
Purchasing property, waiting on appraisals. The seller recently said after we signed a sales contract in November that he wants to have the contract go into effect Jan 1, 2017. This is to avoid capital gains he'd have...
I'm looking to purchase my first subject to deal. It's a great deal (sub 3% interest rate). I have been hearing so many mixed things about it that it is making me worried. I have had people tell me it is illegal and w...
I need to have a in depth understanding of the difference between assignment or land contract vs lease purchase. I know that "subject to" transfers the deed and might trigger the D.O.S Clause. The assignment or land c...
I have a potential sub to deal - 5.5% amortized 30 years 5 year ballon. The seller will let me pay their current lender directly and then send them the monthly difference. The current mortgage / escrow includes taxes ...
Hi BP family,I have been wondering; if I have a house and I get refinance with a bank at 80%, can I then sell the house to someone else with seller financing? In my head the refinance is just a loan with property as ...
Anyone have experience taking back a property with seller financing,contract for deed in NC? Curious to know the costs, attorney recommendations etc
Looking for the best options to acheive what amounts to the change of the "seller" in a land contract without triggering gift taxes or other "additional" fees. Specifically, SellerA and BuyerZ entered into a land cont...
What about mobile homes sold as an automobile with the title?Because I want to say Rent to Own and not lease with option. Why? Because in testing both the responses to Rent to Own pull literally 30 times as well...