Financing carried back by the seller to facilitate the sale of a business often occurs because: Buyer or business couldn’t qualify for conventional or SBA financing. Buyer and/or seller did...
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Resources
Seller Carryback Financing
A. Seller carryback financing is not in competition with conventional financing. It is an alternative or a complement to conventional financing. The National Association of Realtors states that advertising “owner...
Read MoreHelpful Hints for Note Holder
Do not let the Borrower get into the habit of making payments later than the due date or grace period. Be polite but insist on promptness. It is a good...
Read MoreTen Scams of Note Investors
NO SECURITY. You thought it was secured, but you find out it was not. Buy title insurance or insist that existing title insurance be assigned. DEFECTIVE MORTGAGE. The husband and wife owned...
Read MoreSecurity Tips to Protect Your Identity
When ordering personal checks, have your first initials and last name put on the checks. Use your work phone number on your checks. Use a P.O.Box number or your work...
Read MoreWealth Secrets
Work positive. There are no money problems. There are only attitude problems. A go-getter with the proper attitude cannot be denied. Face your fear. You always find the best fishing holes in...
Read MoreTrust Deed Tips for Professionals
Want to be a hero to your clients who carry back owner financing? We suggest that you consider negotiating the following items into the transaction at the time the property...
Read MoreThe Rule of 72
The Rule of 72 is a handy formula to know. You can use it to answer either of two questions: At a given interest rate, how long will it take...
Read MoreRecommended Web Sites
CBMC Crown Financial Ministries Federal Citizen Information Center Homes & Land MapQuest MarketingTips.com Rotary International TravelZoo.com VitalCheck Network, Inc. Yahoo! Finance
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