How to Avoid the 10 Biggest Mistakes When Owner Financing Real Estate:..

Christen J. Reinke1578330378, 9781578330379

Книга How to Avoid the 10 Biggest Mistakes When Owner Financing Real Estate:… How to Avoid the 10 Biggest Mistakes When Owner Financing Real Estate: Insider Tips for Your Protection and Peace of MindКниги Экономика Автор: Christen J. Reinke Год издания: 1998 Формат: pdf Издат.:Todd Communications Страниц: 134 Размер: 1,2 ISBN: 1578330378 Язык: Английский0 (голосов: 0) Оценка:If you’d like to discover the best kept secrets of lenders, pension firms, real estate investors, and professional note buyers, this book is for you. You won’t find this information anywhere else and here’s why: Real estate attorneys and real estate agents are not taught this information in real estate school or by their licensing real estate commission. THEY don’t even know this information, and yet are PAID to provide you counsel when it comes selling your home and carrying back the financing. No one, other than professional investors and note buyers, are aware of how to safely structure an owner financed transaction. And until now, no one has written this information down for us “mom and pop” home sellers.

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Table of contents :
Welcome!!!……Page 1
simultaneous closing……Page 8
Legal counsel……Page 10
Table of Contents……Page 5
CH 1: How to Get the Most Out of This Manual……Page 11
The Layout of This Publication……Page 12
Before Beginning……Page 14
Security Instrument……Page 17
Privately-Held Mortgage……Page 18
Do All Security Instruments Pass Title From the Seller to Buyer?……Page 19
Trust deed……Page 20
Assign……Page 21
What Are Some Key Terms I Need to Know?……Page 22
Contract……Page 25
Payment……Page 26
Telephone numbers……Page 27
Term……Page 28
Monthly Payment……Page 29
Purchase Price……Page 30
Return on investment……Page 31
Interest Rate……Page 32
Taxes And Insurance……Page 34
Tax Clause……Page 35
Taxes……Page 36
Care Of The Property……Page 38
Payment or Satisfaction……Page 41
Lump sum of cash……Page 42
Credit report……Page 43
Employment……Page 44
Sales price……Page 46
Failure to make timely payments……Page 47
Signatures and Notary……Page 51
Owner financing……Page 53
Capital Solutions……Page 54
Market analysis……Page 55
Appreciation……Page 57
Amortization……Page 58
Usury laws……Page 59
Late Charges……Page 60
Tax and insurance……Page 61
Tax Liens……Page 62
Hazard Insurance……Page 64
Credit Worthiness……Page 67
Title Report……Page 68
Preliminary Title Report……Page 70
Closing Agencies……Page 73
Personal liability……Page 74
Senior lien……Page 75
Special Considerations……Page 76
Release clause……Page 79
Wrap……Page 85
Other Tips to Protect Yourself……Page 89
Selling a Wrap……Page 90
Internal Revenue Code……Page 91
Original documents……Page 93
Payment History……Page 95
Adjustable Rate Notes……Page 96
Use of The Property……Page 97
Purchase and Sale Agreement……Page 98
Special Clauses……Page 100
Secondary market……Page 103
Treat Your Original Documents as if They Were Cash……Page 104
Top Ten Mistakes……Page 105
Afterword……Page 106
Rewards for Suggestions……Page 107
CH 5: Getting Started……Page 108
Index of Security Instruments By State……Page 110
Annual Tax And Insurance Maintenance Log……Page 111
Selling a note……Page 113
Additional Services……Page 120
certified note appraisal……Page 122
Contacting the Author……Page 123
Discount for Friends……Page 124
Checklists For Property Sellers & Buyers……Page 135
Home Seller Checklists……Page 136
Home Buyer Checklists……Page 140
Tips For Finding Property……Page 144
Glossary……Page 125
Failing to provide insurance coverage. See default……Page 131
Owners equity……Page 80
Servicing Clause……Page 101
Attorney……Page 48
Tax office……Page 37
Value of a note……Page 114
Mortgages……Page 13
Waste……Page 39
Non-Accceleration Letter……Page 78
S……Page 132
Servicing Company……Page 65
Serve notice……Page 77
Tax and Insurance Clause……Page 102
No Money Down……Page 56
Securitized……Page 94
Protective equity……Page 45
W……Page 133
Tax account……Page 63
Tax advisor……Page 92
Credit Application……Page 147
Quote Request Form……Page 148
Application Page 1……Page 152
Application Page 2……Page 153
Application Page 3……Page 154
Application Page 4……Page 155
Borrower Signature Authorization……Page 150
Equal Credit Opportunity Act……Page 151