Seller Financing by LeRoy Wirz Do you or someone you know have money locked up in a long term note with monthly payments? Have you found a use, or need for that money? Many persons have found themselves in a position where they have located a buyer for their real estate but the buyer did not qualify for a traditional bank loan.In this Charlotte Olympia circumstance, some sellers have engaged in a process called "seller financing". This means that the seller finances all or a portion of the home purchase price by taking back a note for that portion of the purchase price. While Seller Financing is a good means of selling a home in this down, banks not lending economy, it can become a burden if the Seller needs or wants all or a large portion of the money represented by the unpaid principle balance of the note. As a note holder, what are the advantages and disadvatages of selling your note?DISADVANTAGESWell, first a ... Read more »

Real Estate Information Melt Down by Karrie Rose Trawling the internet for real estate news, one could be forgiven for getting a little confused by the sheer volume of contrasting commentary. For example, I recently came across an authoritative article, which informed me that the number of foreclosures was still climbing, and property sales were still falling in the US. Well, there was no big surprise there. Reading this piece, I learnt that poor old Las Vegas continues to reign as the foreclosure capital of the country. I also discovered that Texas, with a huge 35% rise during February 2010, claimed the top spot for the state with the biggest increase in the number of property foreclosures. This second statistic was the one that really caught my eye, as I had only just finished reading another article, published in the Washington Post, under the headline 'How Texas escaped the real estate crisis'. So how can one article claim that Texas has ... Read more »