Posts with tag seller financing

'The New Subprime' Mortgage: Risky Loans Emerge in Twist on Seller Financing

Mortgages resembling the kind of subprime loans that were blamed for the foreclosure crisis are creeping back into the market, leaving some experts and regulators alarmed. The loans give a relatively new twist to seller financing, putting homeownership within reach of borrowers who can't qualify for a conventional... Continue Reading »

Seller Financing: Buying a House Without the Bank

By Neal Frankle As you probably already know, it can be almost impossible to obtain a bank mortgage with bad credit. If you otherwise can't get a loan because you have a troubled credit history, one alternative to a traditional bank mortgage is to obtain one from the seller. Seller financing has its benefits, as well as... Continue Reading »

Home Sellers Step In Where Banks Fear to Tread

Beautiful homes at rock bottom prices are a dime a dozen in today's real estate market. The only problem is you can't get a bank to lend you the dime to buy them. Continue Reading »

Buy This House -- With the Seller Still In It

A man is selling his long-time Los Angeles home for $899,000 -- with a catch. He wants to be able to live in his bedroom off the kitchen with his wife, rent-free, for the rest of his life. Timothy Bopp is in his late sixties; his wife is in her eighties. Bopp has lived in this 3,396-square-foot home his entire life and... Continue Reading »

Seller Financing: An Idea Whose Time Has Come

Do you want to sell your house but have figured out that buyers are as scarce as snowflakes in the Arizona desert? If you've owned your home for a long while and have equity in it, your best bet might be to offer seller financing. Seller financing essentially means that you will act as the bank when the bank won't. It's... Continue Reading »

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