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How
To Structure a Note To Sell at Closing
With
the title seasoning issue thrust upon us,
owner financing your property, then selling
the note at closing is becoming an acceptable
technique of financing your property. For
those who are not familiar with the situation,
it goes like this.
If
you want to sell your property quickly,
or if the buyer has "dented credit", traditional
financing is not always feasible. With owner
financing, the buyer makes the down payment, and
the seller takes back a note for the balance.
The seller becomes "the bank". Because the sellers
want immediate cash, they will then sell
their owner-financed note at closing, to get a
lump sum cash payment. More>>
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