No, you can still buy a property subject to existing financing. It’s just that you need to be aware of the possible consequences and be prepared to take appropriate action. Read the rest of this entry »
In many cases it enables buyers to keep a low-interest-rate, low-payment mortgage that the seller already has on a particular property. Read the rest of this entry »
The single biggest reason that sellers have historically used a contract for sale is the ease with which they could eliminate your interest in the property if you failed to keep up the monthly payments. If you don’t make the payments, you’re out. Years ago this meant that some unscrupulous sellers would institute “self-help evictions”- they would bodily throw the buyers out of the property. Read the rest of this entry »
In different regions of the country, this device is known by a variety of names including these:
Here are two techniques that have worked for thousands of renters in the past. They can allow you to purchase real estate without paying much more than your monthly rental payment. They are ways to get into property when you don’t have a lot of cash and you can’t afford high payments.
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