Archives purchase and sale

Are Deals On Terms legal?

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Not a frequent question, but a baffling one that we occasionally receive, despite our decade of experience in real estate as Proxima Investors and our esteemed A+ rating with the Better Business Bureau, concerns the legality of our deals on terms. In general, deals on terms are entirely legal across all states, provided they comply with applicable rules and regulations at all levels of government….

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What is Seller Financing (SF)?

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It’s a Purchase & Sale agreement where the transaction is: In this type of transaction the Seller typically receives regular monthly payments (installments) in addition to a possible, initial downpayment that is credited towards the purchase price. There can also be no downpayment, that’s when the whole amount is financed. It’s similar to a regular bank mortgage loan, and it’s equally secured by the property…

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What is a Real Estate Purchase Subject To Existing Financing (S2)?

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As real estate investors, when we, Proxima Investors, buy a property “Subject To Existing Financing” (often shortened to Subject To, or Sub To) means that we, as buyers, take over the responsibility for the seller’s existing mortgage payments instead of getting our own loan, avoiding the burden of the long and uncertain process and making waiving the financing contingency possible. So it’s a simple sale…

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What is a Mediated Lease-Purchase (MLP)?

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It’s a Lease-Option Agreement, typically between the Home Seller and Proxima Investors, who turn around and simultaneously mirror and replicate the deal with a third-party homebuyer. Proxima Investors’ buyer takes possession, but Proxima Investors is responsible towards the Seller until the end of the MLP contract. It’s Mediated because Proxima Investors are the main tenant-buyers throughout the transaction and deal until the final Purchase &…

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