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What are the disadvantages to the seller when they are carrying the financing for a house?
Wiki User
∙ 18y ago
If the seller has a mortgage on the subject property and the person who is buying it from him does not make the monthly payment, the seller is obligated to pay. The seller is holding all of the risk under his credit profile while hoping that the other party will pay. The seller risks the other party destroying the property. If the other party doesnt pay, seller will have to attempt to sell his propety again and may have to update or do repairs to make it attractive.
Wiki User
∙ 18y ago
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How does owner financing work?
Owner financing is a method of financing a house or other item without using the assistance of a realtor or broker. Be sure to use a bank that is familiar with working with individuals for financing.
What is a house financing mean?
I dont know. Figure it out yourself.
If a house has been conditionally sold what does that mean?
It means that there has been an offer, it has been accepted, but they are waiting for financing to be approved. If the financing fails the sale is off.
Can you move in a house before closing?
By agreement with the seller, yes.
What does owner financing homes mean?
The act of financing a home refers to the act of taking out a loan called a mortgage in order to buy a house to live in. Financing can be done through financial institutions like banks.
What is the name for a house seller?
a seller
What is the official name for a house seller?
a seller
In real estate what does Ctg stand for?
CTG is an abbreviation for "contingency". The contingency could be a house to sell, house to close, financing, or short sale. This usually means the the seller has accepted a contract based on a contingency. Depending on the type of contingency, and terms of the accepted contract, the seller may have the option to continue to show the property in search for a non contingent offer.
What are disadvantages of house journals?
help advantages disadvantages of house journals
What are the disadvantages of house journal?
help advantages disadvantages of house journals
How does owner financing work?
Owner financing is a method of financing a house or other item without using the assistance of a realtor or broker. Be sure to use a bank that is familiar with working with individuals for financing.
If you are buying a house on contract can the seller make you pay 'mortgage Insurance' on top of the mortgage payment?
Yes, It is typical and customary of all mortgages, does not matter who is doing teh financing. It sounds like the buyer is assuming the seller's mortage. Assuming the buyer has agreed to assume the seller's mortage, if the contract is silent about the mortgage insurance, then it depends if the mortgage insurance is considered part and parcel of the mortgage, or if it is a separate commercial instrument, and thus severable from the mortage.
What is a house financing mean?
I dont know. Figure it out yourself.
Where can one find more information about house financing?
House financing information can be gathered from real estate agencies in store and online and also by visiting your bank which provides home loans and mortgages.
What is a house seller called?
real estate agent
What are the Disadvantages of journal?
help advantages disadvantages of house journals
If you have a dealer's license how do you start doing in-house financing?
ahhh...Don't know if anyone is gonna just give out that kind of info There are many ways. I do no interest no credit check financing In house www.alpinmotorswyoming.com
