Rabu, 04 April 2007

What are Owner Financed Mortgages?

I mentioned Owner Financing in my last post and want to take time to explain further how this can truly benefit Home Owners.Owner-Financed Mortgages, also are known as seller-carry back mortgages. They're created when a seller of a home decides to "carry" a mortgage note from the purchaser of his or her home.This is usually done when the property is difficult to sell or when the buyer cannot
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