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owner will provide 'seller financing" a purchase money mortgage. it could be either a 1st or 2nd mortgage. Seller is willing to provide some of the financing or all of it so conventional financing(banks) are not needed. You sign a promissory note with the seller an IOU a promise to pay.

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โˆ™ 2008-06-19 22:08:56
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Q: What does owner will carry real estate?
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What is an OMC?

If you're referring to real estate purchases, OMC stands for Owner May Carry.


How does one acquire title to real estate?

You acquire title to real estate by purchasing it from the owner who executes a deed in your name as grantee, by inheriting it from the owner or by a court order.You acquire title to real estate by purchasing it from the owner who executes a deed in your name as grantee, by inheriting it from the owner or by a court order.You acquire title to real estate by purchasing it from the owner who executes a deed in your name as grantee, by inheriting it from the owner or by a court order.You acquire title to real estate by purchasing it from the owner who executes a deed in your name as grantee, by inheriting it from the owner or by a court order.


Where can real estate be found which is for sale by the owner?

Most newspapers will list real estate that is for sale by the owner in the classified section of the paper. You can also find real estate like this listed on websites such as Craigslist.


Where can one find listings of owner financed real estate?

One can find listings of owner financed real estate at the website "local". This website lists all owner financed real estate in your local area or wherever you want to search for it.


Who owns the most real estate in NYC?

Jerry Speyer is the most real estate owner in NYC.


Where can you find for sale by owner real estate listings?

You can use any search engine, or newpaper to find sale by owner real estate listings.


Who is owner on real estate title?

Ownership of real estate is evidenced and accomplished by a deed. The person who transfers the property is called the grantor and the person who receives it is the grantee. In any deed, the grantee is the new owner. The owner of real estate is said to hold title to it.


How do you acquire real estate?

You need to purchase it from the owner, inherit it from the owner or take it from the owner by a successful claim of adverse possession. Real estate can also be purchased from banks that have taken possession of real estate by foreclosure or through different loan programs offered by lenders.


Where can I find condos for rent by owner?

Craigslist.com is a great place to find condos for rent by owner for a good deal. Just click on "real estate - by owner" to avoid the real estate companies.


If a owner dies owning real estate that they acquired by a quitclaim deed does their estate need to be probated?

Yes. If an owner dies while owning real property their estate must be probated regardless of how they acquired the land.Yes. If an owner dies while owning real property their estate must be probated regardless of how they acquired the land.Yes. If an owner dies while owning real property their estate must be probated regardless of how they acquired the land.Yes. If an owner dies while owning real property their estate must be probated regardless of how they acquired the land.


Can one person change house deed without other person knowing?

no. One co-owner of real estate can only affect their own interest in the property.no. One co-owner of real estate can only affect their own interest in the property.no. One co-owner of real estate can only affect their own interest in the property.no. One co-owner of real estate can only affect their own interest in the property.


What is the difference in a house being for sale and for rent?

A sale of real estate means the owner wants to transfer the property to a new owner in return for a price.A rent of real estate means the owner seeks to allow someone the use and occupancy of the property in return for a price, usually by the month.A sale of real estate means the owner wants to transfer the property to a new owner in return for a price.A rent of real estate means the owner seeks to allow someone the use and occupancy of the property in return for a price, usually by the month.A sale of real estate means the owner wants to transfer the property to a new owner in return for a price.A rent of real estate means the owner seeks to allow someone the use and occupancy of the property in return for a price, usually by the month.A sale of real estate means the owner wants to transfer the property to a new owner in return for a price.A rent of real estate means the owner seeks to allow someone the use and occupancy of the property in return for a price, usually by the month.

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