Archives seller financing

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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