Seller Financing with Land Contract vs Note and Mortage

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  1. JustAskBen
  2. Seller Financing
  3. Land Contract
  4. Note
  5. mortgage
  6. what is promissory note
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Комментарии
Автор

This explains perfectly the options I was considering for my first deal. Thank you. I would love to learn more about the clauses and have a look at the actual legal documents if necessary. What is CFFU?

TouchTheUniverse
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No difference than a mortgage in terms of the title. This guy is fear monger if. Even if you own it out right and have warranty deed, you can still lose the property if you don’t pay the property tax. Just make sure title work is done upon purchase and make sure you pay your payments in time. There’s a risk to living. Not a big fan of fear tactics.

davidunderwood
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How and where do I learn more about the paperwork to do a deal like this?

DiannaMPerez
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Thanks for the explanation. Took a while to warm up there, but I got it. Thanks bud. CFFU for sure.

stevenfrancis
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Purchase money mortgage. Get a lien in exchange for a title? Why would the seller want to finance and then give up the title?

stevenfrancis